SKF India, the leading bearings manufacturer, has unveiled plans to invest between ₹1,210 crore and ₹1,460 crore by 2030 to significantly expand its manufacturing capacities in India’s growing industrial and automotive sectors. The strategic investments, detailed in an investor presentation, aim to meet surging domestic demand and position SKF India for future growth.
Industrial Expansion Plans
SKF India will channel ₹800 crore to ₹950 crore into its industrial business over the next five years. This includes:
✅ Channel Expansion: Investment of ₹350 crore to ₹450 crore from 2025 to 2030 to strengthen its distribution network and cater to rising industrial demand.
✅ New Pune Plant: Allocation of ₹450 crore to ₹500 crore for constructing a state-of-the-art manufacturing facility in Pune, slated for completion by 2028.
These investments underscore SKF India’s commitment to enhancing its reach and production capabilities to support India’s industrial growth ambitions.
Automotive Segment Growth
For its automotive division, SKF India has earmarked ₹410 crore to ₹510 crore by 2030. This funding will support capacity increases at key manufacturing plants in Haridwar, Pune, and Bangalore, focusing on bearings for:
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Two-wheelers
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Electric vehicle (EV) powertrains
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Wheel-end bearings for passenger and commercial vehicles
The company’s strategy aligns with India’s accelerating transition to EVs and growing automotive market.
Facility-Specific Investments
📍 Haridwar Plant:
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Planned investment of ₹100 crore to ₹150 crore
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Capacity expansion by 50% to meet EV powertrain bearing demand
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Completion targeted for 2029
📍 Pune Plant:
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Investment of ₹300 crore to ₹350 crore
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30% capacity increase to produce unitised wheel-end bearings for ICE and EV applications
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Projected completion by 2030
📍 Bangalore Plant:
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Investment of approximately ₹10 crore
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10% capacity increase focusing on two-wheeler and EV-specific bearings
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Completion expected by 2026
These upgrades aim to enhance SKF India’s ability to serve both traditional automotive markets and the fast-growing EV segment.
Demerger Plans
SKF India also confirmed that the demerger of its industrial and automotive businesses is progressing, with key milestones anticipated throughout CY25. The company expects the newly formed entities to be listed and begin trading by Q4 of CY25.
Driving India’s Manufacturing Ambitions
SKF India’s aggressive investment plan reflects confidence in India’s position as an emerging global manufacturing powerhouse. By expanding its production footprint and aligning its offerings with India’s EV and industrial growth, SKF India is poised to deliver long-term value to stakeholders and contribute to the country’s Make in India initiative.