# Schwing Stetter India plans ₹400 crore expansion with greenfield factory

Schwing Stetter India announced a ₹400 crore expansion including a new greenfield factory to manufacture XCMG loaders, motor graders, and concrete pumps, and a ₹100 crore investment in its Cheyyar factory.

- Type: Expansion
- Announced: 2023-06-21
- Where: Cheyyar, Tamil Nadu, India
- Value: $48.8M (4.00B INR)
- Status: announced
- Products: concreting equipment, construction equipment, XCMG loaders, motor graders, concrete pumps, excavators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Schwing Stetter India](https://endata.com/companies/3867.md)
- [Schwing GmbH](https://endata.com/companies/4103.md) (partner)
- [XCMG](https://endata.com/companies/15137.md) (partner)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/schwing-stetter-draws-up-400-cr-expansion-targets-5000-cr-plus-topline-in-2023/article66994047.ece), 2023-06-21: "Schwing Stetter India is preparing to invest about ₹400 crore in a capacity expansion programme, which will also include setting up a greenfield unit"

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