Leading bearing maker NBC Bearings, a brand of National Engineering Industries Limited (NEIL), plans to invest to the tune of Rs. 350 crores over the next three years in a bid to expand its footprints. Rohit Saboo, CEO & MD, NEIL, shares details in an exclusive interaction.
Focus at Auto Expo 2020
Our focus at this year’s Auto Expo is to expand our product portfolio to be able to serve our customers better. Following our recent acquisition of the Slovakia-based Kinex Bearings, NBC is now offering best-in-class and technologically advanced products which will also be Industry 4.0 compatible. The complementary nature of both the partners will help us enhance our customer reach and widen our product range.
Products and technologies launched
We plan to make an investment of close to Rs. 350 crores towards capacity expansion, most of which would be for the automotive sector. Here at the expo, we have launched our needle-roller bearings as part of our comprehensive range of bearings in technical collaboration with NTN of Japan. The needle roller bearings are smaller in size than the regular ones and are known for their greater load carrying capacity. Their compact design is useful for applications that require smaller inertial force. The impressive display of our advanced technology product range comprises smart, BS-VI-ready and EV bearings. We are developing a bearing wherein the structure of the steel that interacts with the surface is altered with special heat treatment which bestows the bearing better life with an ability to withstand higher load and contaminated conditions.
Expectations from the show
The Auto Expo is a serious business show and we are positive that our existing and potential customers too will benefit from the extensive R&D that we are focused on. Our efforts in moving towards Industry 4.0 are being appreciated because we are not only connecting the manufacturing plant but are also working towards easing the pressure on the workers on the shop floor.