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Schaeffler India signed an MoU with Guidance, the Tamil Nadu government nodal agency, to invest over ₹300 crore in a new greenfield plant in Hosur making transmission components for automotive and tractor segments. The plant is expected to create more than 300 direct jobs within four years.
Schaeffler India signed an MoU with Tamil Nadu's investment agency Guidance to invest over INR 300 crore in a new greenfield plant in Hosur over four years. The plant will manufacture transmission components for conventional and electric vehicles and is expected to employ 300 people.
