"Bonfiglioli Invests ₹320 Crore to Expand Operations with New Facilities in Tamil Nadu"

Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Italy-based Bonfiglioli Group and a leading provider of power transmission and drive solutions, is investing ₹320 crore to expand its operations in India. On Thursday, the company laid the foundation stone for a new Industry and Automation facility in Cheyyar, about 90 km from Chennai, and inaugurated its Global Technology and Innovation Centre in Chennai.

Sonia Bonfiglioli, Chairwoman of Bonfiglioli S.p.A, stated, “With a targeted turnover of ₹1,900 crore by year-end, Bonfiglioli is poised for significant growth. This strategic expansion reinforces our commitment to innovation and excellence, creating job opportunities and enhancing our presence in the region.”

The new 25-acre plant in Cheyyar is set to begin operations by 2025, positioning Bonfiglioli as one of the largest gearbox manufacturers in India. The facility is expected to create 150-200 jobs and address the growing domestic demand for heavy-duty industrial gearboxes. This investment follows last year’s expansion in Pune, which enhanced the company’s capabilities for light and medium-duty industrial gearboxes.

“The Cheyyar facility and Bonfiglioli Technology Space position us to meet growing local demand and provide innovative solutions,” said Country Manager Kennady V. Kaippally.

The Bonfiglioli Technology Space in Chennai will serve as a global competence center, employing 180 engineers with diverse expertise. It will focus on research, development, and technical support, utilizing advanced technologies to create innovative solutions. The facility will also feature testing laboratories designed to simulate real-world operating conditions, further enhancing Bonfiglioli's capabilities in the industry.

HBL