- SKF India secured new EV bearing business wins with visibility extending to 2030.
- The company plans up to INR 5 billion in investments to expand future-ready bearing production.
SKF India has reported new business wins during Q1 FY2027 (April–June 2026) for electric motor bearings and wheel hub bearings associated with model year 2026-27 vehicle launches. The contracts span multiple vehicle categories, including two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. According to the company, these order wins provide visibility into its business pipeline through 2030, reinforcing its position in the evolving mobility landscape as vehicle manufacturers continue to expand electrified product portfolios.
New Opportunities Emerging from Electrification
The company stated that electric vehicles generally require fewer bearings than conventional internal combustion engine vehicles. However, the ongoing shift toward electrified mobility is creating opportunities in specialized product categories. SKF highlighted electric motor bearings and electrically insulated high-speed bearings as key growth areas. These advanced products command significantly higher pricing compared with standard bearing solutions due to their technical requirements, performance characteristics, and suitability for electric powertrains.
Growth Areas Identified for Future Vehicle Programs
SKF has identified several product segments that offer long-term expansion potential. These include unitized wheel bearings designed for small and light commercial vehicles, as well as next-generation transmission bearings engineered with reduced friction and lower weight characteristics. The company believes these products will play an important role in helping vehicle manufacturers meet future regulatory requirements and efficiency targets while supporting improved vehicle performance.
Key Strategic Focus Areas
- Electric motor bearings for emerging EV platforms
- Electric insulation high-speed bearings
- Unitized wheel bearings for light commercial vehicles
- Low-friction transmission bearings
- Solutions aligned with upcoming emission and efficiency regulations
Investment Plan to Support Expansion
To capitalize on anticipated demand growth, SKF India has outlined a capital expenditure program of up to INR 5 billion for the CY26-CY28 period. Approximately INR 2 billion of this investment is allocated for FY26-27. The funding is expected to strengthen manufacturing capabilities, support new product introductions, and enhance capacity for advanced bearing technologies targeted at future vehicle platforms.
SKF India Planned Investment and Expansion Overview
| Category | Details |
|---|---|
| Business Wins | Electric motor and wheel hub bearings |
| Order Visibility | Through 2030 |
| Total Planned Capex | Up to INR 5 billion (CY26-CY28) |
| FY26-27 Allocation | Approximately INR 2 billion |
| Manufacturing Expansion | Two new product lines |
Haridwar Plant Expansion Plans
As part of its manufacturing expansion strategy in India, SKF India plans to introduce two new product lines at its Haridwar facility during FY27. The expansion is intended to support future demand from both conventional and electrified vehicle programs. By adding new production capabilities, the company aims to strengthen its competitiveness in premium bearing segments and position itself for growth opportunities linked to evolving vehicle architectures and regulatory requirements such as CAFE-3 and BS-VII.
Frequently Asked Questions
What new business wins did SKF India secure in FY2027?
SKF India secured new orders for electric motor bearings and wheel hub bearings linked to model year 2026-27 vehicle launches. These wins cover multiple vehicle categories, including two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. The company stated that the awarded programs provide business visibility extending through 2030. The contracts support SKF India's strategy of expanding its presence in electrification-focused applications and strengthening its position in advanced bearing technologies.
How much investment is SKF India planning and where will it be used?
SKF India has announced a planned capital expenditure of up to INR 5 billion for the CY26-CY28 period. Around INR 2 billion is expected to be invested during FY26-27. The investment will support manufacturing expansion, new product introductions, and capacity enhancement for advanced bearing technologies. Additionally, the company plans to add two new product lines at its Haridwar facility in FY27 to address future demand and support growth opportunities across multiple vehicle segments.
Top of Form
Bottom of Form
Click above to visit the official source.