SKF's India Commitment: A Rs 1,460 Crore Bet on Industry & EVs

SKF India Group, following its strategic demerger into separate automotive and industrial entities, has announced plans to invest up to Rs 1,460 crore by 2030 to expand manufacturing capacity and establish a new production facility, underscoring its long-term commitment to India’s industrial and mobility transformation.

Investment Breakdown:

SKF India (Industrial) Ltd
The industrial division will invest Rs 800–950 crore to set up a new manufacturing plant in Pune by 2028. The focus will be on critical sectors such as manufacturing, railways, renewables, cement, mining, and metals, aligning with India’s industrial growth and energy transition goals.

SKF Automotive
The automotive arm plans to invest Rs 410–510 crore by 2030 across its facilities in Haridwar, Pune, and Bangalore to boost production capacity and cater to the evolving mobility landscape. Key growth drivers include electrification, premiumisation, hybridisation, and advanced safety technologies.

The demerged industrial entity is expected to be listed by November 2025, offering shareholders direct exposure to two focused and complementary businesses. The move is designed to sharpen operational focus, drive growth in both sectors, and reinforce SKF’s leadership in India’s manufacturing and mobility ecosystems.

News by Rahul Yelligetti.