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. 

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read the full article Click Here..

Next Story
Infrastructure Transport

The Road Ahead Begins Here

The future of India’s roads took centrestage at RAHSTA Expo 2026, where policymakers, contractors and industry leaders came together under one roof. The event blended thought leadership, technology showcase and industry recognition into a single powerful platform.India’s roads and highways community gathered in full strength at the Jio World Convention Centre, Mumbai, on July 8-9, 2026, for the 16th edition of the RAHSTA Expo (Roads and Highways Sustainable Technologies & Advancement). Over two action-packed days, the event brought together policymakers, contractors, consultants, devel..

Next Story
Infrastructure Urban

Wricks® is 50 per cent stronger than conventional bricks

India’s construction boom is colliding with mounting plastic and demolition waste. Angirus is responding with Wricks®, made from recycled waste and already deployed in over 400,000 units nationwide. Kunjpreet Arora, Cofounder and CEO, explains the technology, impact and growth roadmap.With several alternative building materials available, what industry gap did Angirus identify and how does Wricks® address it?The construction industry already has alternatives such as AAC blocks, fly-ash bricks and concrete blocks but these have limitations. AAC blocks may crack due to contraction and expans..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement