Schaeffler India CEO Harsha Gopal Kadam taken into custody over factory accident that killed 2 workers
Schaeffler India is in focus with June 9 in focus.
· LiveMint Companies, NDTV Profit
Kadam was taken into custody late Monday by the Talegaon MIDC Police Station for investigation into the incident at the company's factory premises in Talegaon, Pune, on June 9, 2026, the company said.
Key facts
- Dates in focus
- June 9
The analysis
Against that, the stock is -1.2% on the day at ₹3,623.40, and has returned -12.6% over three months. It sits 17% below its 52-week high. The auto sector has moved -3.7% over the same period, so Schaeffler India is running 8.9 points behind its peers.
For Schaeffler India, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is SCHAEFFLER.
- Sector exposure: Auto.
In this story
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