Schaeffler India plans Rs 1,500 crore capacity expansion over three years

Schaeffler India announced a Rs 1,500 crore capacity expansion over three years, including a new Rs 300 crore factory at Hosur, Tamil Nadu. The first phase of the Hosur plant is expected to be operational by end of 2023.

“We have reviewed our capex strategy, taking into account various internal and external factors, and are ambitious to invest Rs 1,500 crore over the next three years.”thehindubusinessline.com

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• thehindubusinessline.comSchaeffler India charts Rs 1,500-crore capacity expansion over 3 years - The HinduBusinessLineG BalachandarMar 26, 2023

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