Latest news with #SKFIndia
Time of India
01-07-2025
- Automotive
- Time of India
SKF India plans ₹1,460 crore investment by 2030 to boost manufacturing in industrial and automotive sectors
Bearings maker SKF India plans to invest up to ₹1,460 crore by 2030 to enhance its manufacturing capabilities across key facilities in both industrial and automotive segments , according to an investor presentation by the company. The company has lined up capital expenditure of about ₹1,210 crore to ₹1,460 crore by 2030, to increase manufacturing capacities at its facilities in Haridwar, Pune , and Bangalore. Under the plan, SKF India is looking to invest a total of ₹800 crore to ₹950 crore towards its industrial business over the next five years, on channel expansion to meet the growing demand in India and construction of a new plant in Pune by 2028, as per the presentation. The investment on channel expansion will be around ₹350 crore to ₹450 crore between 2025 to 2030, while on the new plant it will be around Rs 450 crore to Rs 500 crore. For its automotive business, SKF India said it has lined up ₹410 crore to ₹510 crore by 2030, which will include capacity increases at its key manufacturing plants in Haridwar, Pune, and Bangalore. These investments will focus on bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel-end bearings for both passenger and commercial vehicles. 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. SKF India further said, it plans to increase its Pune plant capacity by 30 per cent to manufacture unitised wheel-end bearings for both internal combustion engine (ICE) and EV applications, with an investment of ₹300 crore to ₹350 crore and completion scheduled for 2030. At the Bangalore facility, the company said it plans to hike capacity by 10 per cent, focusing on two-wheeler and EV powertrain-specific bearings, with an estimated investment of ₹10 crore and completion expected by 2026. On the demerger of the two businesses, the company said it is expected to proceed with key milestones across CY25 with listing and trading expected in Q4 of CY25.
Time of India
01-07-2025
- Automotive
- Time of India
SKF India Plans Rs 1,460 Crore Investment by 2030 to Boost Manufacturing in Industrial and Automotive Sectors
Bearings maker SKF India plans to invest up to Rs 1,460 crore by 2030 to enhance its manufacturing capabilities across key facilities in both industrial and automotive segments , according to an investor presentation by the company. The company has lined up capital expenditure of about Rs 1,210 crore to Rs 1,460 crore by 2030, to increase manufacturing capacities at its facilities in Haridwar, Pune , and Bangalore. Under the plan, SKF India is looking to invest a total of Rs 800 crore to Rs 950 crore towards its industrial business over the next five years, on channel expansion to meet the growing demand in India and construction of a new plant in Pune by 2028, as per the presentation. The investment on channel expansion will be around Rs 350 crore to Rs 450 crore between 2025 to 2030, while on the new plant it will be around Rs 450 crore to Rs 500 crore. For its automotive business, SKF India said it has lined up Rs 410 crore to Rs 510 crore by 2030, which will include capacity increases at its key manufacturing plants in Haridwar, Pune, and Bangalore. These investments will focus on bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel-end bearings for both passenger and commercial vehicles. Haridwar facility will witness investment ranging from Rs 100 crore to Rs 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. SKF India further said, it plans to increase its Pune plant capacity by 30 per cent to manufacture unitised wheel-end bearings for both internal combustion engine (ICE) and EV applications, with an investment of Rs 300 crore to Rs 350 crore and completion scheduled for 2030. At the Bangalore facility, the company said it plans to hike capacity by 10 per cent, focusing on two-wheeler and EV powertrain-specific bearings, with an estimated investment of Rs 10 crore and completion expected by 2026. On the demerger of the two businesses, the company said it is expected to proceed with key milestones across CY25 with listing and trading expected in Q4 of CY25.
The Wire
30-06-2025
- Automotive
- The Wire
SKF Launches Next-Gen Sustainable Solutions to Advance Industrial Performance and Circularity at the 2nd edition of ISEA Tech & Innovation Summit
Delhi, June 30, 2025: SKF today unveiled a new generation of innovative products and integrated service offerings at the 2nd edition of SKF ISEA Tech & Innovation Summit, strengthening its commitment to delivering performance-driven sustainability across heavy industries, energy, and manufacturing sectors. Building on its global mission to enable a more sustainable future, SKF introduced cutting-edge bearing solutions and intelligent service models designed to reduce emissions, optimize equipment reliability, and extend asset lifecycles. 'SKF's latest innovations are a reflection of our commitment to our customers through intelligent engineering,' said Mr. Mukund Vasudevan, President India, SEA and Managing Director, SKF India. 'By combining product performance, circular economy principles, and condition-based services, we are helping our customers not just reduce their carbon footprint but also boost their operational efficiency.' Aligned with this vision, SKF is reimagining what reliability means for the modern industrial ecosystem. These innovations are purpose-built to solve real challenges faced in the field, reflecting both evolving market demands and driving meaningful insights from actual machine performance. 'These innovative products are well-positioned to unlock high value for our customers and solve their challenges, thereby improving their product performance, efficiency, and reliability,' said Mr. Sanoj Somasundaran, Chief Technology Officer, SKF India, and Director, Technology Development, ISEA Region. 'Whether it's dealing with tough operating conditions, reducing energy or making maintenance smarter, our focus is on creating solutions that add more value than required. They help our customers to run their assets better, longer, and in more sustainable way." Innovative products and solutions unveiled: • SKF Energy Efficient Deep Groove Ball Bearings – Engineered for small industrial motors, this bearing reduces frictional moment by 25% or more, contributing to improved motor efficiency, 2x bearing life, and over 25% CO₂ emission reduction. Validated by leading Indian OEMs, it offers substantial gains in performance and sustainability. • Sealed Spherical Roller Bearings for HPGRs – Designed for mining and cement sectors, these large-size sealed bearings triple service life, slash grease usage by 99%, and reduce maintenance demands. Customers report over 500 kg/year savings in grease per bearing, significantly lowering cost and environmental impact. • Four-Row Cylindrical Roller Bearings for HPGRs – Specially designed for heavy-duty HPGR applications in mining and cement, these bearings handle intense radial loads while accommodating axial displacement. They feature enhanced raceway topography for reduced friction and wear, open flange design for better lubrication, and upgraded cage pins with corrosion-resistant coating. This results into longer bearing life, improved dimensional stability, easier refurbishment, and reduced unplanned downtime, ultimately lowering total cost of ownership. • Spherical Roller Bearings for Slow-Speed Applications – Optimized for harsh, slow-speed conditions in cement, power, metals, and textile industries, this variant offers enhanced lubrication performance, lower friction, and up to 5°C cooler operations, thereby resulting in longer life and reduced wear even under heavy loads. • Integrated Circularity and Reliability Services: The company also introduced a holistic service platform aimed at large-size bearings, integrating Circular Solutions (remanufacturing used bearings), Reliability Solutions, and Condition Monitoring powered by AI. These services are already helping industries like sugar production extend bearing life by up to 10 years, and reduce lead time by 5x. With these launches, SKF reiterates its vision to be a trusted sustainability partner for Indian industries, enabling decarbonization and digitalization across the value chain. About SKF SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. By making products lighter, more efficient, longer lasting, and repairable, we help our customers improve their rotating equipment performance and reduce their environmental impact. Our offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services. Founded in 1907, SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2023 were SEK 103,881 million and the number of employees was 40,396. ® SKF is a registered trademark of the SKF Group. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.).
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Business Standard
30-06-2025
- Automotive
- Business Standard
SKF India plans to invest up to ₹1,460 cr by 2030 to boost manufacturing
Bearings maker SKF India plans to invest up to ₹1,460 crore by 2030 to enhance its manufacturing capabilities across key facilities in both industrial and automotive segments, according to an investor presentation by the company. The company has lined up capital expenditure of about ₹1,210 crore to ₹1,460 crore by 2030, to increase manufacturing capacities at its facilities in Haridwar, Pune, and Bangalore. Under the plan, SKF India is looking to invest a total of ₹800 crore to ₹950 crore towards its industrial business over the next five years, on channel expansion to meet the growing demand in India and construction of a new plant in Pune by 2028, as per the presentation. The investment on channel expansion will be around ₹350 crore to ₹450 crore between 2025 to 2030, while on the new plant it will be around ₹450 crore to ₹500 crore. For its automotive business, SKF India said it has lined up ₹410 crore to ₹510 crore by 2030, which will include capacity increases at its key manufacturing plants in Haridwar, Pune, and Bangalore. These investments will focus on bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel-end bearings for both passenger and commercial vehicles. 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. SKF India further said, it plans to increase its Pune plant capacity by 30 per cent to manufacture unitised wheel-end bearings for both internal combustion engine (ICE) and EV applications, with an investment of ₹300 crore to ₹350 crore and completion scheduled for 2030. At the Bangalore facility, the company said it plans to hike capacity by 10 per cent, focusing on two-wheeler and EV powertrain-specific bearings, with an estimated investment of ₹10 crore and completion expected by 2026. On the demerger of the two businesses, the company said it is expected to proceed with key milestones across CY25 with listing and trading expected in Q4 of CY25.
Business Standard
30-06-2025
- Automotive
- Business Standard
SKF Launches Next-Gen Sustainable Solutions to Advance Industrial Performance and Circularity at the 2nd edition of ISEA Tech & Innovation Summit
VMPL New Delhi [India], June 30: SKF today unveiled a new generation of innovative products and integrated service offerings at the 2nd edition of SKF ISEA Tech & Innovation Summit, strengthening its commitment to delivering performance-driven sustainability across heavy industries, energy, and manufacturing sectors. Building on its global mission to enable a more sustainable future, SKF introduced cutting-edge bearing solutions and intelligent service models designed to reduce emissions, optimize equipment reliability, and extend asset lifecycles. "SKF's latest innovations are a reflection of our commitment to our customers through intelligent engineering," said Mr. Mukund Vasudevan, President India, SEA and Managing Director, SKF India. "By combining product performance, circular economy principles, and condition-based services, we are helping our customers not just reduce their carbon footprint but also boost their operational efficiency." Aligned with this vision, SKF is reimagining what reliability means for the modern industrial ecosystem. These innovations are purpose-built to solve real challenges faced in the field, reflecting both evolving market demands and driving meaningful insights from actual machine performance. "These innovative products are well-positioned to unlock high value for our customers and solve their challenges, thereby improving their product performance, efficiency, and reliability," said Mr. Sanoj Somasundaran, Chief Technology Officer, SKF India, and Director, Technology Development, ISEA Region. "Whether it's dealing with tough operating conditions, reducing energy or making maintenance smarter, our focus is on creating solutions that add more value than required. They help our customers to run their assets better, longer, and in more sustainable way." Innovative products and solutions unveiled: * SKF Energy Efficient Deep Groove Ball Bearings - Engineered for small industrial motors, this bearing reduces frictional moment by 25% or more, contributing to improved motor efficiency, 2x bearing life, and over 25% CO2 emission reduction. Validated by leading Indian OEMs, it offers substantial gains in performance and sustainability. * Sealed Spherical Roller Bearings for HPGRs - Designed for mining and cement sectors, these large-size sealed bearings triple service life, slash grease usage by 99%, and reduce maintenance demands. Customers report over 500 kg/year savings in grease per bearing, significantly lowering cost and environmental impact. * Four-Row Cylindrical Roller Bearings for HPGRs - Specially designed for heavy-duty HPGR applications in mining and cement, these bearings handle intense radial loads while accommodating axial displacement. They feature enhanced raceway topography for reduced friction and wear, open flange design for better lubrication, and upgraded cage pins with corrosion-resistant coating. This results into longer bearing life, improved dimensional stability, easier refurbishment, and reduced unplanned downtime, ultimately lowering total cost of ownership. * Spherical Roller Bearings for Slow-Speed Applications - Optimized for harsh, slow-speed conditions in cement, power, metals, and textile industries, this variant offers enhanced lubrication performance, lower friction, and up to 5°C cooler operations, thereby resulting in longer life and reduced wear even under heavy loads. * Integrated Circularity and Reliability Services: The company also introduced a holistic service platform aimed at large-size bearings, integrating Circular Solutions (remanufacturing used bearings), Reliability Solutions, and Condition Monitoring powered by AI. These services are already helping industries like sugar production extend bearing life by up to 10 years, and reduce lead time by 5x. With these launches, SKF reiterates its vision to be a trusted sustainability partner for Indian industries, enabling decarbonization and digitalization across the value chain. About SKF SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. By making products lighter, more efficient, longer lasting, and repairable, we help our customers improve their rotating equipment performance and reduce their environmental impact. Our offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services. Founded in 1907, SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2023 were SEK 103,881 million and the number of employees was 40,396. ® SKF is a registered trademark of the SKF Group.
