SKF India Gears Up with Major Investments in Automotive and Industrial Segments

SKF India is set to make significant strides in its industrial and automotive sectors with planned investments of up to Rs 1,460 crore by 2030. The ambitious plan aims to enhance manufacturing capabilities at key facilities across the nation, as detailed in a recent investor presentation.

The company has allocated approximately Rs 1,210 crore to Rs 1,460 crore for capital expenditure, focusing on increasing manufacturing capacities across its Haridwar, Pune, and Bangalore facilities. The strategy includes an investment between Rs 800 crore to Rs 950 crore in the industrial segment over the next five years.

The automotive business will also receive a substantial portion of the investment, with Rs 410 crore to Rs 510 crore earmarked for capacity enhancements, particularly targeting bearings for two-wheelers and EV powertrains. The company's plans include a noteworthy demerger of its business segments, expected to unfold in 2025.

(With inputs from agencies.)