SKF to invest up to Rs 14,600 crore in India by 2030, plans new plant in Pune

SKF plans to expand its presence in India with a capital expenditure of approximately Rs 12,100–14,600 million by 2030, aiming to enhance manufacturing capabilities across key facilities in Haridwar, Pune, and Bangalore. The company plans to invest Rs 8,000–9,500 million in its Industrial Business over the next five years, focusing on channel expansion to meet growing demand in India. Additionally, the company plans to construct a new plant in Pune by 2028 to strengthen its competitive edge in both domestic and international markets.

For its Automotive Business, the company plans to invest a CAPEX of Rs 4,100–5,100 million by 2030, including capacity increases at key manufacturing plants in Haridwar, Pune, and Bangalore. These investments will focus on bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel end bearings for both passenger and commercial vehicles. The demerger of the two businesses is expected to proceed with key milestones across CY25, including NCLT filing and shareholder meetings in Q2 CY25, followed by NCLT approval and listing & trading in Q4 CY25.