SKF India Group announces a ₹1,460 crore investment post-demerger. The industrial arm will build a new Pune plant, while the automotive unit expands for EVs & hybrids.
In a major strategic move following its corporate demerger, the SKF India Group has announced an ambitious investment plan of up to ₹1,460 crore to be deployed by 2030. The investment is designed to fuel the growth of its two new focused entities: one for industrial markets and the other for the fast-evolving automotive sector.
This financial commitment underscores the company’s confidence in India’s manufacturing and mobility future and aims to give shareholders direct exposure to these two distinct, high-growth areas.
Industrial Arm: Building a New Plant for a Industrializing India
The industrial entity, SKF India (Industrial) Ltd, will receive the lion’s share of the investment, with ₹800-950 crore earmarked for its expansion. The cornerstone of this plan is the establishment of a new greenfield manufacturing facility in Pune, targeted for completion by 2028.
This new plant will focus on serving core sectors that are pivotal to India’s infrastructure and energy transition, including:
- Renewables
- Railways
- Cement
- Mining and Metals
- General Manufacturing
This investment is a direct bet on the continued industrialization of the country and the growing demand for advanced industrial bearings and solutions.
Automotive Arm: Gearing Up for the Future of Mobility
The automotive arm, SKF Automotive, will invest ₹410-510 crore by 2030 to enhance its production capacity across its existing plants in Haridwar, Pune, and Bangalore.
This expansion is strategically aligned with the major trends reshaping the global automotive industry. The investment will allow SKF Automotive to better serve OEMs (Original Equipment Manufacturers) navigating the shift towards:
- Electrification: Components for electric vehicles.
- Premiumisation: Higher-value, precision components.
- Hybridisation: Solutions for hybrid vehicle architectures.
- Advanced Safety: Technologies supporting new safety standards.
A Clear Strategy for Shareholders and Growth
The demerged industrial entity is expected to be listed on the stock exchanges by November 2025. This separation allows each company to pursue its specific market strategy with greater focus and agility.
For investors, it offers a clear choice: direct exposure to the steady, infrastructure-driven growth of the industrial sector through SKF India (Industrial), or to the dynamic, technology-led transformation of the automotive sector through SKF Automotive. Together, this ₹1,460 crore investment reinforces SKF’s pivotal role in supporting India’s dual transformation into a global manufacturing hub and a leader in future mobility.