SKF Industrial Plans INR 950 Crore Investment, Pune Plant by 2028

SKF India Limited (NSE: SKFINDIA), a provider of bearings, units, and condition monitoring solutions, has completed the demerger of its Industrial business to create two independent, strategically focused companies – SKF Industrial and SKF Automotive – effective October 1, 2025.

The Industrial entity is slated for listing by November 2025, subject to regulatory approvals.

The demerger, approved by the Board in Q4 2024 and cleared by shareholders and regulators, marks a significant milestone in SKF India’s century-long journey of driving industrial reliability and performance.

Each shareholder of SKF India Limited will receive one equity share of SKF India (Industrial) Limited for every share held in the parent company, ensuring continued ownership and exposure to two complementary growth stories.

SKF India (Industrial) Limited will focus on manufacturing, infrastructure, railways, renewables, cement, mining, metals, and other heavy industries, sectors critical to India’s industrialisation and energy transition.

The company plans to invest ₹8,000–9,500 million by 2030, including a new manufacturing facility in Pune by 2028.

SKF Automotive will concentrate on India’s mobility transformation, addressing trends in electric vehicles (EVs), premiumisation, last-mile delivery, hybridisation, and advanced safety technologies.

With planned investments of ₹4,100–5,100 million by 2030 across Haridwar, Pune, and Bangalore, SKF Automotive aims to expand capacities for OEMs and scale its service and retail network.