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Automotive and engineering solutions major SKF India is demerging its industrial and automotive businesses into two separate companies from today. The listing of the industrial entity is expected by November 2025, subject to necessary approvals, said SKF India.
The demerger was first approved by the Board in Q4 2024 and subsequently cleared by shareholders and regulators.
Each shareholder of SKF India Limited will receive one fully paid equity share of SKF India (Industrial) Limited for every share held in SKF India Limited, which will continue as the automotive entity, thereby preserving ownership while offering direct exposure to two complementary growth stories.
"SKF Industrial will strengthen its role as a key backbone of India’s manufacturing growth, infrastructure development, railway network expansion, and renewables (wind) focus. SKF Automotive will scale with the EV, last-mile commercial vehicle and premiumisation wave. This structure strengthens our ability to allocate capital effectively, accelerate innovation, and create distinct value streams," said Mukund Vasudevan, Managing Director, SKF India Ltd.
September 2025
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SKF India (Industrial) Limited will pursue growth across manufacturing, railways, renewables, cement, mining and other heavy industries, and metals—sectors that form the backbone of India’s industrialisation and energy transition. Backed by planned investments of ₹800–950 crore through 2030, the company will undertake significant channel expansion and establish a new manufacturing facility in Pune by 2028.
SKF Automotive, meanwhile, will concentrate on powering India’s mobility transformation in an era defined by electrification, premiumisation, last-mile delivery, hybridisation, and advanced safety technologies. With planned investments of ₹410-510 crore by 2030 across Haridwar, Pune, and Bengaluru, the company will expand capacity to meet rising demand from OEMs.
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