SKF India Bearing leader to invest ₹950Cr in industrial segment, ₹510Cr in automotive – boosting EV powertrain capacity 50% at Haridwar facility.
Strategic Expansion Across Key Facilities (2025-2030).
Investment Breakdown by Segment
| Business Segment | Investment Range (₹Cr) | Key Focus Areas |
|---|---|---|
| Industrial | 800-950 | New Pune plant + channel expansion |
| Automotive | 410-510 | EV powertrains, wheel-end bearings |
| Total | 1,210-1,460 |
Facility-Specific Capacity Enhancements
🏭 Haridwar Plant
- Investment: ₹100-150 crore
- Capacity Increase: 50%
- Focus: EV powertrain bearings
- Timeline: Completion by 2029
🏭 Pune Plant
- Investment: ₹300-350 crore
- Capacity Increase: 30%
- Focus: Unitized wheel-end bearings (ICE + EV)
- Timeline: Completion by 2030
🏭 Bangalore Plant
- Investment: ₹10 crore
- Capacity Increase: 10%
- Focus: 2-wheeler & EV-specific bearings
- Timeline: Completion by 2026
Market Drivers & Strategic Rationale
1. EV & Automotive Growth
🔋 EV Powertrain Demand:
- Supports India’s 30% EV penetration target by 2030
- Supplies to Tata Motors, Mahindra, Ola Electric
🛞 Wheel-End Technology:
- Lightweight bearings for range extension
- Dual compatibility for ICE-to-EV transition
2. Industrial Expansion
🏗 New Pune Facility (2028):
- ₹450-500 crore investment
- Focus on wind energy, railways, mining bearings
🔄 Channel Expansion:
- ₹350-450 crore for distribution network
- Targets Tier 2/3 industrial clusters
3. Business Restructuring
📊 Demerger Progress:
- Industrial & automotive divisions to separate
- Listing expected Q4 CY2025
- Enables focused growth strategies
Technology & Innovation Focus
⚙ Advanced Bearing Solutions:
- Ceramic hybrid bearings for EVs
- IoT-enabled smart bearings for predictive maintenance
🌱 Sustainability Initiatives:
- 100% renewable energy at Haridwar plant
- Closed-loop water systems
Economic Impact
👷 Employment Generation:
- 500+ new skilled jobs
- Technical training programs with NSDC
📈 Market Position:
- Strengthens #1 position in Indian bearing market
- 15-20% revenue growth projected post-expansion
Industry Outlook
🚗 Auto Bearings Market: ₹8,000Cr+ by 2030
🏭 Industrial Bearings Market: ₹12,000Cr+ by 2030
🔌 EV-Specific Demand: 25% CAGR (2025-30)
Management Commentary
“This investment cycle prepares SKF for India’s manufacturing renaissance – from EV revolution to industrial growth.”
— SKF India Spokesperson
“Our Pune expansion will make it Asia’s most advanced bearing plant for next-gen mobility.”
— Plant Head, SKF Pune
Implementation Roadmap
📅 2025-26:
- Bangalore capacity hike
- Demerger completion
🏗 2027-28:
- New Pune plant construction
- Haridwar Phase 1 upgrades
⚡ 2029-30:
- Full EV bearing capacity operational
- Industry 4.0 integration
