SKF India Accelerates Growth with ₹1,460 Cr Investment

SKF India, a leading bearings manufacturer, has announced plans to invest up to Rs 1,460 crore by 2030 to expand and upgrade its manufacturing capabilities across key facilities serving the industrial and automotive sectors, according to a recent investor presentation.

The company has allocated a capital expenditure of Rs 1,210 crore to Rs 1,460 crore to increase production capacity at its plants in Haridwar, Pune, and Bangalore. As part of this investment roadmap, SKF India plans to spend Rs 800 crore to Rs 950 crore over the next five years to grow its industrial business. This includes Rs 350 crore to Rs 450 crore for expanding distribution channels and Rs 450 crore to Rs 500 crore to set up a new manufacturing facility in Pune, targeted for completion by 2028.

In the automotive segment, the company has earmarked Rs 410 crore to Rs 510 crore through 2030 to increase production of bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel-end bearings for both passenger and commercial vehicles.

The Haridwar plant will receive Rs 100 crore to Rs 150 crore to expand EV bearing capacity by 50% by 2029.

The Pune facility will get Rs 300 crore to Rs 350 crore to scale up unitised wheel-end bearing output by 30% by 2030.

The Bangalore unit is set to receive Rs 10 crore for a 10% capacity boost focused on EV and two-wheeler bearings by 2026.

News by Rahul Yelligetty.