Schaeffler India charts capacity expansion over 3 years

28 Mar 2023 CW Team

Schaeffler India, a manufacturer of automotive and industrial parts, plans to invest $15,000 million in capacity expansion over the next three years, including the construction of a new factory in Hosur at a cost of $3000 million.

The Indian arm of the €16 billion Germany-headquartered global automotive and industrial parts supplier Schaeffler Group has invested close to $5000 million in capex in 2022, with the primary focus on capacity enhancement. It intends to continue this capex over the next three years to support its growing domestic automotive and industrial businesses as well as its export business.

These capital expenditures are aimed at relocation and export growth, as well as expanding its domestic industrial business. The company is establishing a large manufacturing facility for industrial business in Savli, near Vadodara, Gujarat, and another for automotive business in Hosur, Tamil Nadu.

The first phase of the Hosur project is expected to be completed by the end of this year. It will produce transmission components and systems for both the automotive and agricultural markets. It will also invest in expanding export capabilities.

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..