SKF India announces major Rs 4,000 crore capex plan to expand automotive capacity across Haridwar, Pune and Bangalore
SKF India has unveiled an ambitious automotive capacity expansion plan worth up to ₹4,000-₹4,600 crore over FY25–30, with targeted investments across three key manufacturing hubs—Haridwar, Pune, and Bangalore. The move is aimed at enhancing its capabilities in both traditional internal combustion engine (ICE) vehicles and the rapidly growing electric vehicle (EV) segment.
According to the company's roadmap, the Haridwar plant—dedicated to manufacturing deep groove ball bearings (DGBB)—will see a capacity increase of approximately 50%. The estimated investment for this expansion is in the range of ₹1,000–1,500 crore, with completion targeted by 2029. This facility is focused on bearings specific to 2-wheelers (2W) and EV powertrain applications.
The Pune plant, which manufactures DGBB, hub bearing units (HBU), and taper roller bearings (TRB), will witness a ~30% increase in capacity. SKF India is planning to invest ₹3,000–3,500 crore here by 2030. The investment is aimed at scaling up production of unitized wheel-end bearings catering to both passenger and commercial vehicles across ICE and EV segments.
Meanwhile, the Bangalore unit, which produces DGBB and cylindrical roller bearings (CRB), is set for a ~10% capacity increase with a relatively modest investment of around ₹100 crore. This project is scheduled for completion by 2026 and also supports 2W and EV-related production.
This significant capacity ramp-up aligns with SKF India's long-term vision to deepen its participation in the Indian automotive value chain while capitalising on emerging EV trends. With diversified product applications and capex-backed scalability, the company aims to reinforce its leadership in bearing solutions for both traditional and future mobility platforms.
Ahmedabad Plane Crash
News desk at BusinessUpturn.com
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