SKF India’s Board of Directors has approved a significant capacity expansion at its Haridwar and Pune plants, along with the official launch of its new brand, SKF Vertevo. The capacity expansion projects at the Haridwar plant will add 2 production lines with an investment of up to INR 379 million, and at the Pune plant, an additional 1 channel with an investment of up to INR 431 million. The SKF Vertevo brand launch aims to showcase the company’s personality and customer focus.
Board Approves Strategic Initiatives
The Board of Directors of SKF India Limited convened on November 03, 2026, to consider and approve several key strategic initiatives, including financial results, capacity expansion, and a new brand launch.
Capacity Expansion Projects
The company has greenlit a substantial capacity expansion across two of its manufacturing facilities:
Haridwar Plant – DGBB Channel
- Existing Capacity: 4 Channels (Production lines)
- Proposed Addition: 2 Channels (Production lines)
- Investment Required: Up to INR 247 million for the first phase (December 2026 onwards) and up to INR 379 million for the second phase (March 2027 onwards).
- Mode of Financing: Internal accruals.
- Rationale: To enhance manufacturing capacity and support customer demand and trading volumes.
Pune Plant – TRB Channel
- Existing Capacity: 6 Channels (Production lines)
- Proposed Addition: 1 Channel enhancement with Machine Addition (May 2027 onwards), and 1 additional Channel (Production line) (July 2027 onwards).
- Investment Required: Up to INR 347 million for the first phase and up to INR 431 million for the second phase.
- Mode of Financing: Internal accruals.
- Rationale: To enhance manufacturing capacity and support customer demand and trading volumes.
Brand Launch: SKF Vertevo
On the same day, November 3, 2026, SKF India officially launched its new brand, SKF Vertevo, across its organization and to its global customers and stakeholders. The company described the brand as the “face of our company, it shows our personality – what we stand for, what we are passionate about and what our customers can expect from us.” The SKF Vertevo brand is inspired by the world of racing and aims to connect with SKF’s heritage while signalling its ambition for the future of mobility.
Financial Results
The Board also took on record the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half-year ended September 30, 2026, along with the Limited Review Report of the Statutory Auditors. Additionally, the Standalone and Consolidated Statement of Assets and Liabilities and Statement of Cash Flows for the same period were approved.
Source: BSE
