SKF India is set to invest between Rs 12.1 billion and Rs 14.6 billion by 2030 to enhance manufacturing capacity across its Haridwar, Pune, and Bangalore facilities in both industrial and automotive segments, according to a company investor presentation.

In the industrial business, SKF has earmarked Rs 8.0–9.5 billion over the next five years. This includes Rs 3.5–4.5 billion for expanding its distribution channels to meet rising demand in India, and Rs 4.5–5.0 billion for establishing a new manufacturing facility in Pune by 2028.

For the automotive segment, the company plans to invest Rs 4.1–5.1 billion by 2030, focusing on bearings for two-wheelers, EV powertrains, and wheel-end applications for passenger and commercial vehicles.

At the Haridwar plant, SKF will spend Rs 1.0–1.5 billion to raise capacity by 50 per cent for EV powertrain bearings, with the expansion set to complete in 2029. In Pune, it aims to boost capacity by 30 per cent to produce unitised wheel-end bearings for both ICE and EVs, with Rs 3.0–3.5 billion allocated and project completion targeted for 2030.

The Bangalore facility will see a 10 per cent increase in capacity, focusing on two-wheeler and EV-specific bearings. The expansion, costing Rs 100 million, is expected to be completed by 2026.