SKF India rises on unveiling two-wheeler Centre of Excellence in Bangalore
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SKF India is currently trading at Rs. 4021.30, up by 22.85 points or 0.57% from its previous closing of Rs. 3998.45 on the BSE.
The scrip opened at Rs. 3912.30 and has touched a high and low of Rs. 4037.55 and Rs. 3912.30 respectively. So far 1217 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4245.25 on 16-Dec-2021 and a 52 week low of Rs. 2535.00 on 22-Jul-2021.
Last one week high and low of the scrip stood at Rs. 4037.55 and Rs. 3701.50 respectively. The current market cap of the company is Rs. 19877.27 crore.
The promoters holding in the company stood at 52.58%, while Institutions and Non-Institutions held 35.03% and 12.39% respectively.
SKF India has unveiled two-wheeler Centre of Excellence (CoE) in Bangalore. The CoE will provide innovative and customized solutions to meet the new and emerging requirements of customers and help accelerate sustainable mobility solutions for India and Southeast Asia markets.
Located within the global engineering campus in Bangalore, the CoE caters to the Indian two-wheeler and three-wheelers market. It features research labs, along with various cut sections of engines, transmission, and powertrain to focus on devising innovative and tailor-made solutions for OEMs.
The CoE has a dedicated team of highly skilled engineers focused on the 2W applications for driving inspiration and collaboration with customers and delivering solutions with highest levels of reliability. Currently, the CoE team is working on 14 projects that cut across the full value chain - from product engineering to new technology development to aftermarket.
Additionally, the team has filed eight patents for the diverse set of 2W applications with six new patents in the pipeline. Some of the ongoing projects include designing of sensor-bearing modules and friction reduction solutions, as well as compact solutions for Wheel ends and other applications that result in vehicle weight reduction.
SKF India is a leading global supplier of rolling bearing and seals. The company provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems.
