World number one bearings maker SKF plans to invest Rs 150 crore in a new ball bearings manufacturing plant at Haridwar, located in the northern state of Uttarakhand.
The proposed plant at Haridwar would be company's fifth unit in the country, which will supply products to companies like Hero Honda, Bajaj Auto, Tata Motors, Ashok Leyland and Mahindra & Mahindra.
In addition, the facility will also supply ball-bearings to Tata Motors for its Pantnagar plant and Bajaj Auto for its Rudrapur facility at a later stage.