Schaeffler India Opens New Plant In Tamil Nadu, To Invest ₹3.30 Billion

Schaeffler India Ltd. on Wednesday inaugurated its new manufacturing facility at Shoolagiri in Tamil Nadu. The company will invest around ₹3.30 billion in the plant, including the building, it said in an exchange filing.

The facility is expected to reach a peak capacity of 1.6 million units over the next 3–5 years. The investment will be funded through internal accruals, the company said.