Craftsman Automation Expands to Hosur with ₹250 Cr Facility

Craftsman Automation is set to establish a new manufacturing facility in Hosur, Tamil Nadu, with a total investment of ₹250 crore. The first phase will see an investment of approximately ₹100 crore, followed by a second phase of around ₹150 crore. This strategic expansion is intended to meet the growing demand from automotive OEM clients located in Southern India.

The new facility is expected to be commissioned within six to eight months. Craftsman Automation currently operates manufacturing units in Southern India, serving major two-wheeler and passenger vehicle OEMs, with its aluminium products division operating at approximately 85% capacity utilization.

Financially, the company announced its consolidated net profit for Q1 FY27 more than doubled, reaching ₹151 crore, a substantial increase from ₹70 crore in the same period last year. Revenue also saw a significant rise of 36%, amounting to ₹2,432 crore. This growth was observed across all its segments: powertrain, aluminium products, and industrial and engineering.

Additionally, during the quarter ending June 30, 2026, Craftsman Automation successfully raised ₹2,000 crore through a Qualified Institutions Placement (QIP). The proceeds are allocated for repaying borrowings and general corporate purposes.