Automotive bearings are used for a variety of applications including wheel hubs, engine, interior applications and transmission modules.
Major factors driving the bearings market today are increasing production of vehicles, rising domestic demand from developing countries and the growing need to develop and implement technologically advanced solutions. FAG Bearings is India’s largest supplier of metal bearings to the passenger car segment, and the company plans to undertake major investments in the coming years to tap the inherent potential which the segment offers. ATR recently met Dharmesh Arora, Managing Director, FAG Bearings India Ltd, to discuss the nuances of the bearings industry and the impact of government policies in the long term.
As a part of the Schaeffler Group, FAG Bearings supplies to automotive as well as industrial manufacturers globally. In the Indian market, FAG is witnessing increased demand for its products for two-wheeler and tractor applications. FAG’s current portfolio of advanced solutions for wheels, powertrain and engine accessories supports the automotive industry’s need for higher levels of integration, safety requirements, driving comfort and environment protection.
CHALLENGES IN THE INDIAN MARKET
Upcoming BS VI norms will present a big challenge for automotive players in India, and being a global entity, FAG Bearings has the required expertise and experience in building Euro VI-specific components. However, the Indian market presents different set of challenges, quality requirements and segment specifications, which have to be tailor-made for customers.
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