Jul 02, 2025
SKF India announces ~₹12,100-14,600 mn investment towards industrial and automotive businesses by 2030
SKF is set to strengthen its manufacturing footprint in India with a strategic investment of ₹1,210–1,460 crore by 2030. The expansion will enhance capacities at its Haridwar, Pune, and Bangalore facilities, targeting industrial and automotive segments, with a strong focus on EV and two-wheeler bearings.
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Plans to expand manufacturing capacity across key facilities in Haridwar, Pune, and Bangalore.
July 1, 2025 – SKF, a world-leading provider of innovative solutions, is set to expand its presence in India with a capital expenditure of approximately ₹12,100-14,600 million (INR 1,210-1,460 crore) by 2030, aimed at enhancing its manufacturing capabilities across key facilities in Haridwar, Pune, and Bangalore.
The company plans to invest ₹8,000-9,500 million (Rs 800-950 crore) towards its Industrial Business over the next five years, focusing on channel expansion to meet the growing demand in India. Additionally, the company will construct a new plant in Pune by 2028, which will enable SKF India to strengthen its competitive edge in both domestic and international markets.
For its Automotive Business, SKF plans to invest a CAPEX of ₹4,100-5,100 million (410-510 crore) by 2030, which will include capacity increases at its key manufacturing plants in Haridwar, Pune, and Bangalore. These investments will focus on bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel end bearings for both passenger and commercial vehicles. Below is the breakdown of the expansion plans:
• Haridwar facility: A 50% capacity increase with investments ranging from ₹1,000-1,500 million (Rs 100-150 crore). This expansion will cater to the growing demand for EV powertrain bearings, with completion targeted for 2029.
• Pune Plant: A 30% capacity increase to manufacture unitised wheel end bearings for both internal combustion engine (ICE) and EV applications, with an investment of ₹3,000-3,500 million (Rs 300-350 crore) and completion scheduled for 2030.
• Bangalore Facility: A 10% capacity increase, focusing on two-wheeler and EV powertrain-specific bearings, with an estimated investment of ₹100 million (10 crore)and completion expected by 2026.
The demerger of the two businesses is expected to proceed with key milestones across CY25, including NCLT filing and shareholder meetings in Q2 CY25, followed by NCLT approval and listing & trading in Q4 CY25.