SKF India is gearing up for a significant scale-up in manufacturing to meet rising demand across electric vehicles and industrial applications. In its latest investor presentation, the company has stated it is planning to invest a capital outlay of up to 1,210 crore by 2030 to achieve a capacity expansion in Haridwar, Pune and Bangalore.
To boost its industrial business, SKF India will invest 800 crore to 950 crore within the next five years in a strategic move. A considerable percentage of funds, 350 crore to 450 crore, will be spent on increasing distribution sources and 450 crore to 500 crore is also taken on a new state-of-the-art plant in Pune, anticipated by the year 2028.
In the case with the automotive segment, 410 crore to 510 crore have been invested toward increasing the manufacturing segments of two-wheeler bearings, EV powertrain components, and unitised wheel-end bearings.
“Haridwar facility will witness investment ranging from ₹100 crore to ₹150 crore for a 50 per cent capacity increase to cater to the growing demand for EV powertrain bearings, with completion targeted for 2029,” the company noted.
Additionally, SKF India will invest ₹300 crore to ₹350 crore in its Pune plant for a 30% capacity boost focused on ICE and EV applications by 2030. Its Bangalore plant will see a 10% increase in output capacity by 2026 with a ₹10 crore investment focused on two-wheeler and EV-specific bearings.
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