SKF India announces ₹1,460 cr investments post-demerger strategy

Following the recent company restructure that saw Shailesh Kumar Sharma take over the automotive business SKF India, and Mukund Vasudevan take helm of the industrial arm, the group is now unveiling ambitious capital plans across both verticals.

SKF India has announced plans to up to Rs 1,460 crore by 2030 for capabilities in the automotive and industrial businesses. This investment includes about Rs 800–950 crore in the industrial business, including a new manufacturing plant intended for Pune by 2028, and the expansion of heavy industries, railways, mining, renewables, and metals.  

The automotive business under the direction of Sharma is set to receive an investment of about Rs 410–510 crore for capacity expansions in Haridwar, Pune, and Bangalore that are focused on EV, premium and last-mile mobility.

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The demerger became effective October 1, 2025 with NCLT approval, and the industrial business is expected to make its stock listing by November, pending the relevant clearances. A shareholder of SKF India under the scheme will receive equity in the new industrial company, while the original business will continue to exist in the automotive business.

The leadership team at SKF is clear that separating the businesses will allow the company to sharpen its strategic focus on transfers in capital allocation and be more aligned with the framework of India's twin engines of industrialization and mobility transformation.