SKF India advances localisation strategy with Rs 950 crore investment to boost manufacturing and self-reliance

SKF India (Industrial) has taken a major leap in its localisation journey across India and Southeast Asia, announcing a significant investment plan worth Rs 800–950 crore by 2030. The move marks a decisive step towards strengthening local manufacturing capabilities, reducing import dependence, and reinforcing India’s position as a global manufacturing hub under the ‘Make in India’ initiative.

As part of the localisation strategy, SKF India has successfully launched new manufacturing lines for medium deep-groove ball bearings (150 mm diameter) at its Ahmedabad facility, spherical roller bearings (180–320 mm diameter) in Nilai, Malaysia, and UC-range ball bearings at its Pune plant. These advanced production lines are expected to enhance supply chain resilience, improve delivery timelines, and serve critical industries such as railways, renewables, infrastructure, and mining.

The investment reflects SKF’s commitment to integrating advanced manufacturing technologies, expanding its regional footprint, and aligning its operations with the evolving needs of customers in India and Southeast Asia. By focusing on localisation, SKF aims to unlock long-term value, ensure cost competitiveness, and provide faster, more sustainable solutions for industrial applications.

A new facility is also planned in Pune by 2028, which will further strengthen SKF’s position in the domestic market. This facility will focus on high-precision bearings, R&D integration, and green manufacturing practices to meet global standards.

Commenting on the milestone, Mukund Vasudevan, President – India & Southeast Asia and Managing Director of SKF India (Industrial), said the company’s localisation shift is now operational and will help align production with customer requirements while creating long-term value for stakeholders.

SKF’s latest investment reinforces India’s growing importance in global industrial supply chains. By combining local manufacturing strength with international expertise, the company is well-positioned to support the nation’s industrial growth, particularly in high-demand sectors like renewable energy and transportation.