SKF India to Invest ₹5,000 Crore in Major Expansion to Meet Growing Automotive Demands!

SKF India, the local subsidiary of the Swedish industrial giant SKF Group, has announced an ambitious expansion plan with an investment ranging from ₹4,600 crore to ₹5,000 crore between 2025 and 2030. This strategic move aims to enhance production capacities at SKF India’s three key manufacturing plants located in Haridwar, Pune, and Bangalore. The expansion will help SKF India address the growing demands of India’s automotive industry, particularly as the market shifts towards electric vehicles (EVs) and more environmentally sustainable mobility solutions.

The Haridwar facility will see a significant 50% increase in production capacity. This plant will focus on manufacturing bearings for two-wheelers and EV powertrains. As the demand for electric vehicles rises, this facility’s upgrades will help meet the growing need for high-quality components. The investment allocated for this expansion is estimated to be between ₹1,000 million and ₹1,500 million, with the upgrades expected to be completed by 2029.

In Pune, the expansion will result in a 30% increase in capacity. This facility will focus on producing unitized wheel end bearings for both passenger and commercial vehicles, covering both ICE and EV platforms. The investment for Pune’s expansion is projected to be between ₹3,000 million and ₹3,500 million, and the expansion is expected to be finished by 2030. These upgrades will ensure that SKF India is well-positioned to cater to the evolving automotive sector’s needs.

The Bangalore facility will receive a 10% boost in its production capacity, primarily focused on bearings for two-wheelers and EV powertrains. With an estimated ₹100 million investment, the Bangalore facility upgrades are expected to be completed by 2026. These improvements will further support the company’s role in India’s automotive growth, especially in the electric vehicle segment.

This investment plan underscores SKF India’s commitment to supporting the transformation of India’s automotive sector, particularly the shift to electric mobility. As the Indian automotive industry evolves, SKF India is positioning itself to meet the demands of both traditional internal combustion engine (ICE) vehicles and the rapidly growing EV market. The upgraded facilities will produce a wide range of essential automotive components, including Deep Groove Ball Bearings (DGBB), Cylindrical Roller Bearings (CRB), Hub Bearing Units (HBU), and Tapered Roller Bearings (TRB), all of which are critical for the performance and efficiency of vehicles.

The expansion plan will enable SKF India to play a pivotal role in India’s growing automotive sector while contributing to the country’s electric mobility goals. The Indian government’s push for electric vehicle adoption, supported by various incentives and policies, aligns with SKF India’s investment in modernizing and expanding its manufacturing capabilities. This growth will help meet the rising demand for automotive components and ensure that the company can deliver high-quality products to support India’s transition to cleaner, more sustainable mobility.

SKF India’s investment also highlights its confidence in India’s manufacturing potential and the country’s strategic importance as a hub for automotive components. By expanding production capabilities at key facilities, SKF India is ensuring that it remains a competitive player in both the domestic and global automotive markets. The investment not only demonstrates SKF’s commitment to India’s growth but also supports the nation’s broader goals of reducing its carbon footprint and accelerating the adoption of electric vehicles.

With this ₹5,000 crore investment, SKF India is poised to strengthen its position as a key supplier of critical automotive components and support the country’s transition to a more sustainable future. The expansion will enhance the company’s ability to meet the evolving needs of the automotive sector, contributing to both the growth of India’s automotive industry and the global shift towards cleaner, more efficient transportation solutions.