SKF India Group has restructured its operations by separating its automotive and industrial divisions. This strategic demerger will result in two independent entities, with a combined investment of approximately ₹1,460 crore planned by 2030. These funds will be allocated to expanding capacity and establishing new manufacturing facilities.
The industrial business separation became effective on October 1, 2025, following approval from the Mumbai NCLT. The listing of the new company, SKF India (Industrial) Ltd, on the stock market is anticipated by November 2025, pending regulatory approvals. Under the demerger terms, each existing shareholder of SKF India Ltd will receive a share in the new SKF India (Industrial) Ltd, allowing investors to participate in two distinct growth trajectories, as the original company focuses on the automotive sector.
The automotive business unit will emphasize India’s evolving mobility landscape, including electric and hybrid vehicles, the premium segment, last-mile delivery solutions, and advanced safety features. A ₹410.510 crore investment is planned by 2030 in facilities located in Haridwar, Pune, and Bengaluru, specifically to meet OEM demands and expand retail and service networks, aiming to be the leading partner for automotive manufacturers.
SKF India (Industrial) Ltd, the new industrial arm, will concentrate on expansion within the manufacturing, railway, renewable energy, cement, mining, and metals sectors. These sectors are pivotal in India’s energy transition and infrastructure development. The industrial unit’s investment will total ₹800.950 crore by 2030, which includes channel expansion and the construction of a new manufacturing facility in Pune by 2028.
SKF India’s core business is centered on rotating shaft technology, encompassing bearings, seals, lubrication management, condition monitoring, and related services.
The demerger was initially approved by the board in the fourth quarter of FY24, and subsequently ratified by shareholders and regulatory bodies. The primary goal is to enhance the strategic focus of each business segment and create greater value for investors.