Bonfiglioli Invests ₹ 320 Crores in India Expansion, strengthening Local Manufacturing and Innovation

Chennai, India – October 17, 2024 – Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Group, global leader in power transmission and drive solutions, celebrated a significant milestone with the foundation stone laying ceremonyfor its new Industry and Automation facility in Cheyyar, Tamil Nadu, and the inauguration of its Technology and Innovation Hub in Chennai.

The 25-acre Cheyyar plant, scheduled to commence operationsby 2025, reinforces Bonfiglioli ‘s commitment to the ‘Make in India’ initiative and solidifies its position as one of India’s largestgearbox manufacturers. The facility will feature state-of-the-art machinery, create 150-200 job opportunities, and cater to growing domestic demand for heavy-duty industrial gearboxes. Bonfigliol’s latest investment is a strategic continuation of itsprevious year’s investment in pune, expanding itsmanufacturing capabilities for light and medium duty industrial gear boxes.

Bonfiglioli ‘s new Global competence centre , The Bonfiglioli Technology Space in Chennai, represents another milestone in the global Bonfiglioli innovation ecosystem, housing 180 engineers with diverse expertise. This cutting-edge facility willfocus on research, development and technical support, integrating advanced technologies to create breakthroughsolutions. The centre will also house testing laboratories thatcould be used to simulate real field working conditions.

Ms. Sonia Bonfiglioli, Chairwoman, Bonfiglioli S.p.A., stated, “With a targeted turnover of ₹1,900 crores by year-end, Bonfiglioli is poised for another significant growth in India. Thisstrategic expansion reinforces our commitment to innovationand excellence. Together, these initiatives will create significantemployment opportunities and bolster our presence in the region, paving the way for sustained growth and increased localmarket competitiveness.”

Mr. Kennady V. Kaippally, Country Manager, Bonfiglioli India, added, “The Cheyyar facility and Bonfiglioli Technology Space position us to cater to growing local demand and meetthe need for innovative solutions. Our investment in cutting-edge technologies and talent strengthens our leadership position and contributes to India’s industrial development.”