SKF India Plans Rs 14.6 Billion Capex by 2030
ECONOMY & POLICY

SKF India Plans Rs 14.6 Billion Capex by 2030

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.

On corporate restructuring, SKF India stated that the demerger of its automotive and industrial businesses is progressing, with key milestones scheduled throughout calendar year 2025 and final listing anticipated in Q4 CY25. 

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.On corporate restructuring, SKF India stated that the demerger of its automotive and industrial businesses is progressing, with key milestones scheduled throughout calendar year 2025 and final listing anticipated in Q4 CY25. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code