# Schaeffler India secures €300M order for electric axles

Schaeffler India has received a €300 million order for its two-in-one electric axles for electric passenger vehicles, covering a seven-year period.

- Type: Contract
- Announced: 2023-05-08
- Where: India
- Value: $330.0M (300.0M EUR)
- Status: announced
- Products: two-in-one electric axles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5270577/schaeffler-india-secures-300-million-order-for-its-electric-axles), 2023-05-08: "Schaeffler India has received a €300 million order for its two-in-one electric axles as the supplier transitions to electrification from internal combustion."
- [nl.vafem.com](http://nl.vafem.com/detailsc/2023-May-1st-Week-VAFEM-News-Recommendation-Schaeffler-India-lands-over-Rs-2700-crore-electric-axle-order/194.html), 2023-05-09: "This is the pure electric solution that we are bringing to India now."

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