SKF India Announces Major Capacity Expansion with ₹500 Crore Investment Plan

SKF India Limited, the Indian subsidiary of Swedish industrial technology company SKF Group, has unveiled an ambitious capacity expansion program spanning 2025-2030, with total capital expenditure estimated between ₹460-500 crores across its three key manufacturing facilities.

The comprehensive expansion plan targets significant capacity increases at the company's strategic locations: Haridwar will see a substantial 50% capacity boost, Pune operations will expand by 30%, and the Bangalore facility will increase capacity by 10%.

The investment strategy directly addresses India's automotive sector transformation, with dedicated focus on both internal combustion engine (ICE) and electric vehicle (EV) components. The Haridwar and Bangalore facilities will specialize in manufacturing bearings for two-wheelers and EV powertrains, while the Pune plant will concentrate on unitized wheel end bearings for passenger and commercial vehicles across both ICE and EV platforms.

"This expansion reflects our commitment to supporting India's automotive industry during its critical transition phase," said a company spokesperson. "Our investments are strategically aligned with the growing demand for both conventional and electric vehicle components."

The expansion follows a carefully structured timeline, with the Bangalore facility upgrades scheduled for completion by 2026, requiring an investment of approximately ₹10 crore. The Haridwar expansion, involving ₹100-150 crore, is planned for completion by 2029. The most substantial investment will be at Pune, with ₹300-350 crore allocated for expansion to be completed by 2030.

The expanded facilities will manufacture a comprehensive range of bearing technologies, including Deep Groove Ball Bearings (DGBB), Cylindrical Roller Bearings (CRB), Hub Bearing Units (HBU), and Tapered Roller Bearings (TRB), catering to diverse automotive applications.

This expansion positions SKF India to capitalize on the country's automotive growth trajectory while supporting the industry's electrification goals. The investment underscores the company's confidence in India's manufacturing potential and its role as a strategic hub for automotive component production.

The announcement comes as India's automotive sector experiences robust growth, driven by increasing vehicle demand and the government's push toward electric mobility adoption across various vehicle categories.