Previously, SKF India had two categories, namely Industrial Business, which takes care of bearings, engineering services and monitoring solutions, and automotive business under one company. Now, they have split into two entities, called SKF India (Industrial) Ltd., which got listed today, and SKF India Ltd., which will continue separately.
The companies got split to reach their business goals, to make faster decisions, focus on their own customer, to use money more efficiently, to grow better on their own and to enhance long-term value creation for their shareholders.
As a part of their future plans, the new company is planning to invest Rs 8000-9500 crore by 2030, enabling capacity expansion, localisation of high-value components and accelerated technology deployment across its India operations and also to set up a new factory in Pune by 2028.
India continues to anchor SKF’s innovation architecture through the Global Technical Centre in Bengaluru (GTCI), which co-creates solutions for global R&D programmes in rotating equipment performance, digital engineering and AI-enabled industrial applications.
The localisation and manufacturing expansion plan of SKF India (Industrial) is designed to build a resilient value chain with faster customer response, shorter lead times and enhanced supply reliability.
The company is embedding sustainability, precision manufacturing and digital capabilities across its operations to support sectors integral to India’s economic growth and south-east Asia’s emerging industrial needs.
