Latest news with #SchaefflerIndia
Yahoo
6 days ago
- Automotive
- Yahoo
Schaeffler India opens manufacturing facility in Tamil Nadu
German manufacturer of automotive and industrial components, Schaeffler, has opened a new manufacturing facility in Shoolagiri, Tamil Nadu, India, to boost powertrain production. The 16,500sqm Phase 1 facility, situated within a 108,000sqm land plot, is expected to reach full production capacity by the fourth quarter of 2025. The plant will focus on manufacturing planetary gear systems, hybrid transmission components, and emerging automotive technologies primarily for the Indian market. Matthias Zink, Schaeffler AG powertrain and chassis CEO, said: 'India is a key market for Schaeffler. The new facility represents a significant step in our efforts to expand our global manufacturing footprint and further localise our operations in the region. It supports our long-term growth vision and positions us to better cater to the rising market demands and grow with the Indian market.' Harsha Kadam, Schaeffler managing director and CEO, said: 'The inauguration at Shoolagiri exemplifies our commitment to expanding our capacities and competencies in India, enabling us to meet the evolving needs of our customers better. With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also to future needs as we transition towards E-mobility. We remain committed to the country's 'Make In India' initiative, while embracing sustainable practices. It also underscores the Schaeffler Group's focus towards India as a strategic growth driver.' Schaeffler India currently operates four other manufacturing facilities in Pune, Savli, Maneja, and Hosur, along with three research and development centers. The company employs over 3,700 people in India and has maintained operations in the country for more than 60 years. "Schaeffler India opens manufacturing facility in Tamil Nadu" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hindu
7 days ago
- Automotive
- The Hindu
Schaeffler India opens new plant in Tamil Nadu
Schaeffler India Limited, a motion technology company, has inaugurated its fifth manufacturing facility in Shoolagiri, Tamil Nadu. A press release said the plant, which has come up with an investment of ₹330 crores and spread across 16,500 sq. Metres, is dedicated for production of powertrain and chassis components and futuristic technologies. As part of Schaeffler India's strategy to address growing market demands within the automotive industry, the manufacturing facility will serve as a hub for production and expansion of conventional and electrified powertrain technologies, primarily for the Indian market. With this facility, the company also aims to increase its transmission component capacity significantly. Schaeffler AG CEO Powertrain and Chassis Matthias Zink said in the press release that 'India is a key market for Schaeffler. The new facility is a significant step in our efforts to expand our global manufacturing footprint and further localisation in the region.' According to Schaeffler India Managing Director and CEO Harsha Kadam, 'With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also future needs as we transition towards e-mobility.' As compared to the initial commitment of ₹1,500 crores, Schaeffler India has invested ₹1,700 crore over last three years (from 2022 to 2024) to expand its local capabilities in India. This includes the expansion of new product lines for powertrain solutions, e-mobility solutions as well as large and medium-sized bearings for industrial applications. Schaeffler India also strengthened its presence in the digital automotive aftermarket space, with the acquisition of KRSV Innovative Auto Solutions Pvt. Ltd. (Koovers), a B2B e-commerce platform in 2023, the release added.
Time of India
28-05-2025
- Automotive
- Time of India
Schaeffler India invests Rs 1,700 cr in 3 years to expand local capabilities
Mobility tech firm Schaeffler India on Wednesday said it has invested Rs 1,700 crore over the last three years to expand its capabilities, including expansion of new product lines for powertrain solutions and e-mobility solutions , in the domestic market. The company also announced the inauguration of its manufacturing plant at Shoolagiri in Tamil Nadu for powertrain and chassis components and futuristic technologies as part of its strategy to address growing market demands within the automotive industry. The manufacturing facility will serve as a hub for production and expansion of conventional and electrified powertrain technologies, including planetary gear systems, hybrid transmission components, and new emerging innovations primarily catering to the domestic market. The other four manufacturing plants are located in Pune, Vadodara (2) and Hosur besides three research and development centres. As compared to the initial commitment of Rs 1,500 crore, Schaeffler India has invested Rs 1,700 crore over the last three years (from 2022 to 2024) to expand its local capabilities in India. This includes the expansion of new product lines for powertrain solutions, e-mobility solutions as well as large and medium-sized bearings for industrial applications, the company said. Live Events The company said it has also strengthened its presence in the digital automotive aftermarket space, with the acquisition of KRSV Innovative Auto Solutions Pvt Ltd (Koovers), a B2B e-commerce platform in 2023. "India is a key market for Schaeffler. The new facility is a significant step in our efforts to expand our global manufacturing footprint and further localization in the region. It supports our long-term growth vision and positions us to better cater to the rising market demands and grow with the Indian market," said Matthias Zink, CEO powertrain and chassis at Schaeffler AG. With the new manufacturing facility, the company also aims to increase its transmission component capacity significantly. "With the expansion of our production facilities, we are well-positioned to cater not only to the present local markets but also future needs as we transition towards E-mobility," said Harsha Kadam, Managing Director and CEO, Schaeffler India Limited . Schaeffler India remains "committed" to the ' Make In India ' initiative, while embracing sustainable practices. It also underscores the Schaeffler Group's focus towards India as a strategic growth driver, he added. PTI
Business Upturn
28-05-2025
- Automotive
- Business Upturn
Schaeffler India inaugurates fifth manufacturing facility in Tamil Nadu
By Aman Shukla Published on May 28, 2025, 10:42 IST Schaeffler India Limited, a motion technology company, has opened its fifth manufacturing facility in Shoolagiri, Tamil Nadu. The facility is focused on producing powertrain and chassis components, as well as technologies aligned with the future of mobility. The inauguration event was attended by senior leadership from Schaeffler, including Georg F. W. Schaeffler, Chairman of the Supervisory Board, Schaeffler AG; Eranti Sumithasri, Chairperson of the Board of Directors, Schaeffler India Limited; Matthias Zink, CEO Powertrain & Chassis, Schaeffler AG; and Dharmesh Arora, Regional CEO Asia Pacific, Schaeffler AG. Spanning 16,500 square meters, the Shoolagiri facility will support the production of both conventional and electrified powertrain systems. Key components to be manufactured include planetary gear systems, hybrid transmission parts, and other solutions designed for the Indian market. The facility also aims to scale up capacity for transmission components and serve as a base for new product and technology development. With this addition, Schaeffler India now operates five manufacturing sites and three R&D centers across the country. The company has invested ₹1,700 crore over the past three years (2022–2024), exceeding its initial commitment of ₹1,500 crore. This investment has been directed towards expanding local production capabilities for powertrain solutions, e-mobility technologies, and industrial bearings. The Shoolagiri plant is a part of Schaeffler India's broader strategy to meet growing automotive industry demands and support its long-term growth goals in India and beyond. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
14-05-2025
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to India-Pakistan news; Eight stocks to buy or sell on Wednesday
Stock Market Today: Profit-booking weighed on the Benchmark indices on Tuesday as Nifty-50 Index at 24,578.35 ended 1.39% lower. The Bank Nifty also corrected 0.8% to 54,940.80, while Auto, IT, FMCG stood among key losers though Pharma showed resilience and was a key gainer. In the broader markets mid and small caps also gained up to 0.8% The short-term uptrend remains intact and the Nifty is expected to show bounce back from near the crucial supports of around 24500-24400 levels in the next few sessions. Immediate resistance is placed at 24800 levels, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities Bajaj Broking expects the Bank Nifty to head towards 56,400 levels in the short term, while support for the short-term point of view is placed at 54,500- 54,000 Overall, while Tuesday's dip marks a natural breather after the sharp gains on Monday, investor focus remains on evolving geopolitical signals, institutional flows, and upcoming macro data. Investors will closely watch the India inflation data, along with the U.S. CPI data., said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd. Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given two stock picks. Schaeffler India Ltd- Bagadia recommends buying Schaeffler India at ₹ 3951.9 keeping Stoploss at ₹ 3813 for a target price of ₹ 4230 Schaeffler India is currently trading at ₹ 3,951.90 after rebounding from a key support zone. A bullish candlestick formed on the daily chart indicates a potential trend reversal and growing buying interest. A decisive move above the immediate resistance level of ₹ 4,000 could confirm the bullish momentum and pave the way for an upside target of ₹ 4,230.\ 2. Nippon Life India Asset Management Ltd- Bagadia recommends buying Nippon Life at around ₹ 704.90 keeping Stoploss at ₹ 680 for a target price of ₹ 755 NAM INDIA is currently trading at ₹ 704.90 and is exhibiting strong bullish momentum. The stock has decisively rebounded from lower levels, forming a classic higher high–higher low structure, and has recently broken above its prior swing high, indicating a sustained uptrend. A strong bullish candlestick formation on the daily chart further confirms the ongoing rally. Notably, a breakout above the immediate resistance level of ₹ 720 could potentially open the path for a near-term move towards ₹ 755 3. Cholamandalam Investment and Finance Company Ltd- Dongre recommends buying Cholamandalam Investment (CHOLAFIN) at around ₹ 1580 keeping Stoploss at ₹ 1545 for target price of ₹ 1640 In the latest short-term technical analysis, CHOLAFIN has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 1580 and holding above a key support level at ₹ 1545. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 1545 to manage downside risk. The target for this trade is set at ₹ 1640, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4, Canara Bank- Dongre recommends buying Canara Bank at around ₹ 105 with Stoploss at around ₹ 98 for a target price of ₹ 112 CANBK has exhibited a notable bullish reversal pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 105 and maintaining a strong support at ₹ 98. The technical setup indicates the potential for a price retracement towards the ₹ 112 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 98 offers a prudent approach to capturing the anticipated upside. 5. NTPC Ltd - Dongre recommends buying NTPC at ₹ 342 keeping Stoploss at ₹ 330 for a target price of RS 365. NTPC , the stock is currently trading at ₹ 342 and appears to be in an oversold zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential recovery move. The critical support level lies at ₹ 330, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 365 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. 6. Jamna Auto Industries Ltd- Koothupalakkal recommends Buying JAMNA AUTO at around ₹ 86.54 for a target price of ₹ 91 keeping Stoploss at ₹ 85 The stock after indicating a higher bottom formation on the daily chart has witnessed a decent revival to move past the important 100 period MA at ₹ 84.40 level and has scope for further rise in the coming sessions. The RSI after cooling off from the highly overbought zone is currently well placed and has once again indicated a positive trend reversal to signal a buy and can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of ₹ 91 level keeping the stop loss of ₹ 85 level. 7. Kalyan Jewellers India Ltd- Koothupalakkal recommends buying KALYAN JEWELLERS at around ₹ 554 for a target price of ₹ 575 keeping Stop loss at ₹ 542 The stock has indicated a strong pick up from the significant 50EMA level at ₹ 512 zone and currently has indicated a breakout above the previous peak level of ₹ 544 to improve the bias and expect for further rise. The RSI has indicated strength and is well placed signaling a buy to anticipate for another fresh round of upward move. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 575 level keeping the stop loss of ₹ 542 level. 8. Garden Reach Shipbuilders & Engineers Ltd- Koothupalakkal recommends buying Garden Reach Shipbuilders (GRSE) at around ₹ 1914 for a target price of ₹ 2040 keeping Stop loss at ₹ 1870 The stock has witnessed a strong recovery with significant volume participation taking support near ₹ 1740 level indicating a series of higher bottom formation on the daily chart and once again with improving bias is anticipated to rise further. The RSI has once again indicated a positive trend reversal to signal a buy with further upside potential visible. With the chart looking good, we suggest to buy the stock for an upside target of ₹ 2040 keeping the stop loss of ₹ 1870 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
