# 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.

- Type: Expansion
- Announced: 2023-03-26
- Where: Hosur, Tamil Nadu, India
- Value: $182.0M (15.0B INR)
- Starts operating: 2023
- Status: announced
- Products: transmission components and systems for automotive and tractor segments
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schaeffler India](https://endata.com/companies/8619.md)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/schaeffler-india-charts-rs-1500-crore-capacity-expansion-over-3-years/article66664381.ece), 2023-03-26: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.