SKF India Group has finalized a restructuring plan by separating its automotive and industrial businesses. The demerger will result in two separate operational units, with a combined investment of about ₹1,460 crore planned by 2030 to facilitate capacity enhancement and establish new manufacturing facilities.
The industrial business demerger became effective on October 1, 2025, after receiving approval from the Mumbai NCLT. The listing of SKF India (Industrial) Ltd on the stock market is anticipated by November 2025, provided regulatory approvals are secured. As part of the scheme, each shareholder of SKF India Ltd will receive a new share in SKF India (Industrial) Ltd. The original company will now focus on the automotive business, offering investors exposure to two distinct growth prospects.
The automotive unit will concentrate on India’s evolving mobility sector, covering electric vehicles, hybrid models, premium segments, last-mile delivery, and advanced safety systems. The company intends to invest ₹410.510 crore by 2030 across its facilities in Haridwar, Pune, and Bengaluru, with the goal of meeting OEM demand and enhancing its retail and service networks to solidify its position as the preferred partner for automotive manufacturers.
The new SKF India (Industrial) Ltd will focus on growth in the industrial sector, including manufacturing, railways, renewable energy, cement, mining, and metals. These sectors are pivotal in India’s energy transformation and infrastructure development. The industrial unit will receive an investment of ₹800.950 crore by 2030, which includes channel expansion and the construction of a new manufacturing unit in Pune by 2028.
SKF India’s primary business activities revolve around rotating shaft technology, encompassing bearings, seals, lubrication management, condition monitoring, and related services.
The demerger received initial board approval in the fourth quarter of FY24, followed by shareholder and regulatory approvals. The aim is to enhance the strategic focus of each business and provide improved value for investors.