SKF India has announced plans to spend up to ₹1,460 crore by 2030 to scale up its manufacturing footprint across its industrial and automotive segments. This strategic investment, shared during an investor presentation, will target capacity expansion at key facilities in Haridwar, Pune, and Bangalore.
Major Boost for Industrial Segment and New Pune Plant
A significant portion of the outlay—₹800 crore to ₹950 crore—will focus on the industrial business over the next five years. This includes around ₹350 crore to ₹450 crore for channel expansion to meet rising domestic demand. Additionally, ₹450 crore to ₹500 crore has been earmarked for constructing a new manufacturing plant in Pune, scheduled for completion by 2028.
Automotive Capacity Upgrades Across Locations
For its automotive division, SKF India plans investments of ₹410 crore to ₹510 crore by 2030. The Haridwar unit will see ₹100 crore to ₹150 crore directed towards a 50% capacity increase for EV powertrain bearings, targeted for 2029. The Pune plant is set to grow capacity by 30% with ₹300 crore to ₹350 crore allocated for unitised wheel-end bearings used in both ICE and EV applications, with completion expected by 2030. Meanwhile, the Bangalore facility will undergo a 10% capacity enhancement for two-wheeler and EV-specific bearings, backed by ₹10 crore and slated for 2026.
SKF India also confirmed that its proposed demerger of the industrial and automotive businesses is on track, with key milestones expected through 2025 and the listing likely in the fourth quarter of calendar year 2025.
