SKF India, one of the largest bearings manufacturers in the country, is meeting with success on its campaign against fake parts.

The raids were conducted at two different dealerships in Pune with the help of local police authorities. According to company officials, the seized fake bearings were being sold under the SKF brand name and weighed close to four tonnes.

Bearings are safety critical components and can cause serious damage to associated machinery; Joshipura estimates that the annual size of bearings market in India is around Rs 9,000 crore. “Of this, roughly 10 percent is unstructured market. Half of that is the counterfeit bearings market,” he added.

Joshipura estimates that SKF India suffers losses worth Rs 150 crore annually due to the availability of fake bearings parts in the local market.

“Counterfeit products are often associated with established brands across the globe. Although the sale of counterfeit bearings is a problem in India, Indian law enforcement is professional in their actions against counterfeiters,” she added. According to Astrom, counterfeit spare parts comprise roughly 2.5 percent of world trade currently.

Substantiating SKF Group’s brand protection official, a company documents quotes “counterfeit bearings are predominantly manufactured in Asia, mainly China. There are large numbers of suppliers in China who are offering premium brands at relatively low cost.

Recently, there is also an increasing trend in counterfeit bearings being routed via Hong Kong, Singapore and Taiwan. The illegal international trade not only poses a risk to consumers and businesses, but potentially also withholds tax and import revenues.”

SKF India has a footprint comprising six manufacturing facilities, more than 300 authorized distributors and an employee base of over 3,300 people.

Original Source: autocarpro.in
 

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