Why SKF India shares surge 4% today? Details here
SKF India shares rose over 4% in morning trade after the company announced a robust automotive capacity expansion plan worth ₹4,000–₹4,600 crore, to be implemented between FY25 and FY30. As of 10:47 AM, the shares were trading 3.58% higher at Rs 4,789.20.
The planned investments will be spread across its key manufacturing hubs in Haridwar, Pune, and Bangalore, aimed at strengthening its position in both ICE (internal combustion engine) and EV (electric vehicle) segments.
The Haridwar plant, focused on deep groove ball bearings (DGBB) for 2-wheelers and EV powertrains, will get a ₹1,000–1,500 crore investment to increase capacity by 50% by 2029. Pune will see the highest investment—₹3,000–3,500 crore by 2030—to scale up production of hub bearing units (HBU) and taper roller bearings (TRB) by 30%, serving passenger and commercial vehicles across ICE and EV platforms. The Bangalore facility will receive ₹100 crore for a 10% capacity hike by 2026, enhancing DGBB and cylindrical roller bearing (CRB) output.
Additionally, SKF India has provided a strong earnings outlook. The company expects its industrial business EBITDA margin to remain in the 16–18% range, and automotive business EBITDA margin to stay between 17–19%, over the next three years.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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