India Automotive Bearing Market Segmented By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheelers), By Application (Engine, Transmission, Wheel, Steering, Others), By Bearing Type (Ball Bearing, Roller Bearing, Plain Bearing), By Demand Category (OEM, Aftermarket), By Region (North, West, South, East), Competition Forecast & Opportunities, 2019- 2029F
India Automotive Bearing Market is expected to grow at greater CAGR in the forecast period.
India Automotive Bearing Market Overview
The automobile industry is dependent on vehicle reliability and its performance. The need for comfort, electrification, autonomous driving, and noise reduction is forcing manufacturers to evaluate every part of their vehicles for possible weight and space savings. Furthermore, a vehicle cannot be driven without a working bearing, which makes them a crucial component of the automotive industry. The primary purpose of the bearing is to ensure that moving parts of the car, like the seat track rails and steering column, move quietly and smoothly. Ball bearings, roller bearings, and plain bearings are the primary categories of bearings. Although this type of bearing has a restricted load capacity, ball bearings, as its title suggests, uses rows of balls as the rolling elements and offer extremely low rolling friction. Furthermore, Roller bearings, which have rolling components shaped like a cylinder, have a higher loading capacity than ball bearings. The simplest type of bearing, a plain bearing, also known as a sliding contact bearing, consists solely of a bearing surface and no rolling components. Furthermore, with the advent of cutting-edge bearing, they are demonstrating to be economical, enhancing the performance of the vehicle, and having a long bearing service life. Additionally, the demand for the India automotive bearing market also grows because of technological advancement and rising auto sales.
India Automotive Bearing Market Driver
Increasing Automotive Industry
The automobile industry is regarded as one of the key contributors to economic growth because of its relationships with several different sectors. Since vehicles require materials such as steel, aluminum, plastic, and other commodities, the growth of this industry benefits the commodity sector. India is one of the largest automotive markets in the world, with domestic sales of 17.5 million units in FY22. Moreover, the two-wheeler and passenger vehicle segments dominate the automobile sector. This results in increasing sales of bearings in vehicles. In addition, government incentives helped to boost the growth of EV demand which further boosts the production of bearings in India. Due to the aforementioned factors, by 2029, there will be an increase in demand for automotive bearings in the aftermarket as well.
India Automotive Bearing Market Challenge
Fluctuation In Cost of Raw Material
The cost of raw materials is still the major concern for manufacturers in India. Since high grade steel is one of the main raw materials used to manufacture bearing components, its fluctuating price has an impact on the operational revenue of manufacturers of bearing components. According to SteelMint, frequent price changes have been observed over the past 12 months. Furthermore, due to the fluctuations in the market, manufacturers have to rely on low profit margin or increase in end user prices. Moreover, unstable worldwide markets also have an impact on bearing manufacturers as they might not be able to control additional costs, expenses, and profits when raw material prices change. Furthermore, the changing supply and demand situation is impeding the expansion of the bearing sector. Moreover, the sector is anticipated to gain momentum in the next years by accelerating value chain processes and developing future capabilities.
India Automotive Bearing Market Trends
Increasing Penetration of Electric Vehicles and Technology Advancement
The automobile bearing manufacturers are investing in research and development to develop more efficient and durable bearings for vehicles. Additionally, with the Indian governments push towards the adoption of electric vehicle mobility, many manufacturers are focusing on developing specific bearings for electric vehicles. Furthermore, these bearings need to be able to handle high weights and temperature while also maintaining less noise and lightweight. With these developments, the automotive bearing market is expected to rise in the coming years.
Recent Developments
Schaeffler India establishes a distribution and consolidation center in Hosur in 2022. The cutting-edge facility has a surface area of 100,000 square feet and is furnished with modern infrastructure and technology.
In 2022, Svenska Kullagerfabriken (SKF) announced that, in a range of applications, its magnetic bearings, which have a maximum rotational speed of 50,000 rpm, will play a key role in reducing CO2 emissions.
In September 2022, SKF and Televic GSP signed a letter of intent (LOI) to investigate the possibility of collaborating to improve rolling stock reliability and minimize maintenance costs for clients.
A Memorandum of Understanding (MoU) was signed in 2022 between SKF and ABB to investigate the potential for cooperation in the automation of manufacturing processes.
In 2021, The NTN Corporation achieved a high speed rotation supporting dmn value of 2.2 million using high speed deep groove ball bearings for e-Axle drive systems for EVs and motors and transmissions for HEVs under oil lubrication.
Market Segmentation
The India Automotive Bearing Market is segmented based on, by vehicle type, by application type, by bearing type, by demand category, by region. On the basis of vehicle type the market is segmented into Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, and Two-Wheelers. Based on the application type, it is further segmented into Engine, Transmission, Wheel, Steering, Others. Furthermore, on the basis of Bearing Type, the market is segmented into Ball Bearing, Roller Bearing, and Plain Bearing. Based on demand category, the market is divided into OEM, and Aftermarket. Further, the market is also divided into region wise mainly North, West, South and East.
Company Insights
In 2023, Timken Corporation revealed that Ford Motor Company's F-150 Lightning, the first widely available electric light-duty pickup truck to hit the market, is using their packaged wheel bearings.
In August 2022, A novel hybrid deep groove ball bearing for high-speed applications was developed by SKF.
In 2022, SKF has developed a new hybrid deep groove ball bearing with new high-performance two-piece polymer cage for high-speed applications.
In 2022, a Multi Track Magnetic Encoder Integrated Rolling Bearing with outstanding environmental resistance and high-resolution angle detection was developed by New Technology Network (NTN) Company. The bearing unit enhances performance by integrating a bearing and a magnetic type of encoder.
Company Profiles
Some of the major players which are leading in India automotive bearing market are Schaeffler India Ltd, SKF Bearings India, Timken India Ltd, NRB Bearings Ltd, Menon Bearings Ltd, NTN Bearing India Pvt. Ltd, THB Bearings Co. Ltd, ISB Industries Private Limited, Bimetal Bearing Ltd., JTEKT India Limited, etc.
Report Scope:
In this report, India Automotive Bearing Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India automotive bearing market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
India Automotive Bearing Market Overview
The automobile industry is dependent on vehicle reliability and its performance. The need for comfort, electrification, autonomous driving, and noise reduction is forcing manufacturers to evaluate every part of their vehicles for possible weight and space savings. Furthermore, a vehicle cannot be driven without a working bearing, which makes them a crucial component of the automotive industry. The primary purpose of the bearing is to ensure that moving parts of the car, like the seat track rails and steering column, move quietly and smoothly. Ball bearings, roller bearings, and plain bearings are the primary categories of bearings. Although this type of bearing has a restricted load capacity, ball bearings, as its title suggests, uses rows of balls as the rolling elements and offer extremely low rolling friction. Furthermore, Roller bearings, which have rolling components shaped like a cylinder, have a higher loading capacity than ball bearings. The simplest type of bearing, a plain bearing, also known as a sliding contact bearing, consists solely of a bearing surface and no rolling components. Furthermore, with the advent of cutting-edge bearing, they are demonstrating to be economical, enhancing the performance of the vehicle, and having a long bearing service life. Additionally, the demand for the India automotive bearing market also grows because of technological advancement and rising auto sales.
India Automotive Bearing Market Driver
Increasing Automotive Industry
The automobile industry is regarded as one of the key contributors to economic growth because of its relationships with several different sectors. Since vehicles require materials such as steel, aluminum, plastic, and other commodities, the growth of this industry benefits the commodity sector. India is one of the largest automotive markets in the world, with domestic sales of 17.5 million units in FY22. Moreover, the two-wheeler and passenger vehicle segments dominate the automobile sector. This results in increasing sales of bearings in vehicles. In addition, government incentives helped to boost the growth of EV demand which further boosts the production of bearings in India. Due to the aforementioned factors, by 2029, there will be an increase in demand for automotive bearings in the aftermarket as well.
India Automotive Bearing Market Challenge
Fluctuation In Cost of Raw Material
The cost of raw materials is still the major concern for manufacturers in India. Since high grade steel is one of the main raw materials used to manufacture bearing components, its fluctuating price has an impact on the operational revenue of manufacturers of bearing components. According to SteelMint, frequent price changes have been observed over the past 12 months. Furthermore, due to the fluctuations in the market, manufacturers have to rely on low profit margin or increase in end user prices. Moreover, unstable worldwide markets also have an impact on bearing manufacturers as they might not be able to control additional costs, expenses, and profits when raw material prices change. Furthermore, the changing supply and demand situation is impeding the expansion of the bearing sector. Moreover, the sector is anticipated to gain momentum in the next years by accelerating value chain processes and developing future capabilities.
India Automotive Bearing Market Trends
Increasing Penetration of Electric Vehicles and Technology Advancement
The automobile bearing manufacturers are investing in research and development to develop more efficient and durable bearings for vehicles. Additionally, with the Indian governments push towards the adoption of electric vehicle mobility, many manufacturers are focusing on developing specific bearings for electric vehicles. Furthermore, these bearings need to be able to handle high weights and temperature while also maintaining less noise and lightweight. With these developments, the automotive bearing market is expected to rise in the coming years.
Recent Developments
Schaeffler India establishes a distribution and consolidation center in Hosur in 2022. The cutting-edge facility has a surface area of 100,000 square feet and is furnished with modern infrastructure and technology.
In 2022, Svenska Kullagerfabriken (SKF) announced that, in a range of applications, its magnetic bearings, which have a maximum rotational speed of 50,000 rpm, will play a key role in reducing CO2 emissions.
In September 2022, SKF and Televic GSP signed a letter of intent (LOI) to investigate the possibility of collaborating to improve rolling stock reliability and minimize maintenance costs for clients.
A Memorandum of Understanding (MoU) was signed in 2022 between SKF and ABB to investigate the potential for cooperation in the automation of manufacturing processes.
In 2021, The NTN Corporation achieved a high speed rotation supporting dmn value of 2.2 million using high speed deep groove ball bearings for e-Axle drive systems for EVs and motors and transmissions for HEVs under oil lubrication.
Market Segmentation
The India Automotive Bearing Market is segmented based on, by vehicle type, by application type, by bearing type, by demand category, by region. On the basis of vehicle type the market is segmented into Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, and Two-Wheelers. Based on the application type, it is further segmented into Engine, Transmission, Wheel, Steering, Others. Furthermore, on the basis of Bearing Type, the market is segmented into Ball Bearing, Roller Bearing, and Plain Bearing. Based on demand category, the market is divided into OEM, and Aftermarket. Further, the market is also divided into region wise mainly North, West, South and East.
Company Insights
In 2023, Timken Corporation revealed that Ford Motor Company's F-150 Lightning, the first widely available electric light-duty pickup truck to hit the market, is using their packaged wheel bearings.
In August 2022, A novel hybrid deep groove ball bearing for high-speed applications was developed by SKF.
In 2022, SKF has developed a new hybrid deep groove ball bearing with new high-performance two-piece polymer cage for high-speed applications.
In 2022, a Multi Track Magnetic Encoder Integrated Rolling Bearing with outstanding environmental resistance and high-resolution angle detection was developed by New Technology Network (NTN) Company. The bearing unit enhances performance by integrating a bearing and a magnetic type of encoder.
Company Profiles
Some of the major players which are leading in India automotive bearing market are Schaeffler India Ltd, SKF Bearings India, Timken India Ltd, NRB Bearings Ltd, Menon Bearings Ltd, NTN Bearing India Pvt. Ltd, THB Bearings Co. Ltd, ISB Industries Private Limited, Bimetal Bearing Ltd., JTEKT India Limited, etc.
Report Scope:
In this report, India Automotive Bearing Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Automotive Bearing Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
- Two-Wheelers
- India Automotive Bearing Market, By Application Type:
- Engine
- Transmission
- Wheel
- Steering
- Others
- India Automotive Bearing Market, By Bearing Type:
- Ball Bearing
- Roller Bearing
- Plain Bearing
- India Automotive Bearing Market, By Demand Category:
- OEM
- Aftermarket
- India Automotive Bearing Market, By Region:
- North
- South
- West
- East
Company Profiles: Detailed analysis of the major companies present in India automotive bearing market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. INTRODUCTION
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. IMPACT OF COVID-19 ON INDIA AUTOMOTIVE BEARING MARKET
5. VOICE OF CUSTOMER ANALYSIS
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
5.3. Brand Satisfaction Level
5.4. Challenges and Unmet Needs
6. INDIA AUTOMOTIVE BEARING MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheelers)
6.2.2. By Application Type Market Share Analysis (Engine, Transmission, Wheel, Steering, Others)
6.2.3. By Bearing Type Market Share Analysis (Ball Bearing, Roller Bearing, Plain Bearing)
6.2.4. By Demand Category Market Share Analysis (OEM, Aftermarket)
6.2.5. By Regional Market Share Analysis
6.2.5.1. North Market Share Analysis
6.2.5.2. West Market Share Analysis
6.2.5.3. South Market Share Analysis
6.2.5.4. East Market Share Analysis
6.2.6. By Company Market Share Analysis (Top 5 Companies, Others - By Value, FY2023)
6.3. India Automotive Bearing Market Mapping & Opportunity Assessment
6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
6.3.2. By Application Type Market Mapping & Opportunity Assessment
6.3.3. By Bearing Type Market Mapping & Opportunity Assessment
6.3.4. By Demand Category Market Mapping & Opportunity Assessment
6.3.5. By Regional Market Mapping & Opportunity Assessment
7. INDIA PASSENGER CARS BEARING MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Application Type Market Share Analysis
7.2.2. By Bearing Type Market Share Analysis
7.2.3. By Demand Category Market Share Analysis
8. INDIA LIGHT COMMERCIAL VEHICLES BEARING MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Application Type Market Share Analysis
8.2.2. By Bearing Type Market Share Analysis
8.2.3. By Demand Category Market Share Analysis
9. INDIA MEDIUM & HEAVY COMMERCIAL VEHICLES BEARING MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Application Type Market Share Analysis
9.2.2. By Bearing Type Market Share Analysis
9.2.3. By Demand Category Market Share Analysis
10. INDIA TWO-WHEELERS BEARING MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Application Type Market Share Analysis
10.2.2. By Bearing Type Market Share Analysis
10.2.3. By Demand Category Market Share Analysis
11. PORTER’S FIVE FORCES MODEL
11.1. Competitive Rivalry
11.2. Bargaining Power of Buyers
11.3. Bargaining Power of Suppliers
11.4. Threat of New Entrants
11.5. Threat of Substitutes
12. MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
13. MARKET TRENDS AND DEVELOPMENTS
14. POLICY & REGULATORY LANDSCAPE
15. INDIA ECONOMIC PROFILE
16. COMPETITIVE LANDSCAPE
16.1. Company Profiles (Up To 10 Major Companies)
16.1.1. Schaeffler India Ltd
16.1.1.1. Company Details
16.1.1.2. Products & Services
16.1.1.3. Recent Development
16.1.1.4. Key Management Personnel
16.1.2. SKF Bearings India
16.1.2.1. Company Details
16.1.2.2. Products & Services
16.1.2.3. Recent Development
16.1.2.4. Key Management Personnel
16.1.3. Timken India Ltd
16.1.3.1. Company Details
16.1.3.2. Products & Services
16.1.3.3. Recent Development
16.1.3.4. Key Management Personnel
16.1.4. NRB Bearings Ltd
16.1.4.1. Company Details
16.1.4.2. Products & Services
16.1.4.3. Recent Development
16.1.4.4. Key Management Personnel
16.1.5. Menon Bearings Ltd
16.1.5.1. Company Details
16.1.5.2. Products & Services
16.1.5.3. Recent Development
16.1.5.4. Key Management Personnel
16.1.6. NTN Bearing India Pvt. Ltd
16.1.6.1. Company Details
16.1.6.2. Products & Services
16.1.6.3. Recent Development
16.1.6.4. Key Management Personnel
16.1.7. THB Bearings Co.Ltd
16.1.7.1. Company Details
16.1.7.2. Products & Services
16.1.7.3. Recent Development
16.1.7.4. Key Management Personnel
16.1.8. ISB Industries Private Limited
16.1.8.1. Company Details
16.1.8.2. Products & Services
16.1.8.3. Recent Development
16.1.8.4. Key Management Personnel
16.1.9. Bimetal Bearing Ltd.
16.1.9.1. Company Details
16.1.9.2. Products & Services
16.1.9.3. Recent Development
16.1.9.4. Key Management Personnel
16.1.10. JTEKT India Limited
16.1.10.1. Company Details
16.1.10.2. Products & Services
16.1.10.3. Recent Development
16.1.10.4. Key Management Personnel
17. STRATEGIC RECOMMENDATIONS
17.1. Target Regions
17.2. Target Vehicle Type
17.3. Target Demand Category
18. ABOUT US & DISCLAIMER
Note: The data given for any year represents the market during the fiscal year, i.e., 1st April to 31st March of that year. e.g., For 2023, the data represents the period, 1st April 2022 to 31st March 2023.
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. IMPACT OF COVID-19 ON INDIA AUTOMOTIVE BEARING MARKET
5. VOICE OF CUSTOMER ANALYSIS
5.1. Factors Influencing Purchase Decision
5.2. Brand Awareness
5.3. Brand Satisfaction Level
5.4. Challenges and Unmet Needs
6. INDIA AUTOMOTIVE BEARING MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheelers)
6.2.2. By Application Type Market Share Analysis (Engine, Transmission, Wheel, Steering, Others)
6.2.3. By Bearing Type Market Share Analysis (Ball Bearing, Roller Bearing, Plain Bearing)
6.2.4. By Demand Category Market Share Analysis (OEM, Aftermarket)
6.2.5. By Regional Market Share Analysis
6.2.5.1. North Market Share Analysis
6.2.5.2. West Market Share Analysis
6.2.5.3. South Market Share Analysis
6.2.5.4. East Market Share Analysis
6.2.6. By Company Market Share Analysis (Top 5 Companies, Others - By Value, FY2023)
6.3. India Automotive Bearing Market Mapping & Opportunity Assessment
6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
6.3.2. By Application Type Market Mapping & Opportunity Assessment
6.3.3. By Bearing Type Market Mapping & Opportunity Assessment
6.3.4. By Demand Category Market Mapping & Opportunity Assessment
6.3.5. By Regional Market Mapping & Opportunity Assessment
7. INDIA PASSENGER CARS BEARING MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Application Type Market Share Analysis
7.2.2. By Bearing Type Market Share Analysis
7.2.3. By Demand Category Market Share Analysis
8. INDIA LIGHT COMMERCIAL VEHICLES BEARING MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share & Forecast
8.2.1. By Application Type Market Share Analysis
8.2.2. By Bearing Type Market Share Analysis
8.2.3. By Demand Category Market Share Analysis
9. INDIA MEDIUM & HEAVY COMMERCIAL VEHICLES BEARING MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share & Forecast
9.2.1. By Application Type Market Share Analysis
9.2.2. By Bearing Type Market Share Analysis
9.2.3. By Demand Category Market Share Analysis
10. INDIA TWO-WHEELERS BEARING MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share & Forecast
10.2.1. By Application Type Market Share Analysis
10.2.2. By Bearing Type Market Share Analysis
10.2.3. By Demand Category Market Share Analysis
11. PORTER’S FIVE FORCES MODEL
11.1. Competitive Rivalry
11.2. Bargaining Power of Buyers
11.3. Bargaining Power of Suppliers
11.4. Threat of New Entrants
11.5. Threat of Substitutes
12. MARKET DYNAMICS
12.1. Market Drivers
12.2. Market Challenges
13. MARKET TRENDS AND DEVELOPMENTS
14. POLICY & REGULATORY LANDSCAPE
15. INDIA ECONOMIC PROFILE
16. COMPETITIVE LANDSCAPE
16.1. Company Profiles (Up To 10 Major Companies)
16.1.1. Schaeffler India Ltd
16.1.1.1. Company Details
16.1.1.2. Products & Services
16.1.1.3. Recent Development
16.1.1.4. Key Management Personnel
16.1.2. SKF Bearings India
16.1.2.1. Company Details
16.1.2.2. Products & Services
16.1.2.3. Recent Development
16.1.2.4. Key Management Personnel
16.1.3. Timken India Ltd
16.1.3.1. Company Details
16.1.3.2. Products & Services
16.1.3.3. Recent Development
16.1.3.4. Key Management Personnel
16.1.4. NRB Bearings Ltd
16.1.4.1. Company Details
16.1.4.2. Products & Services
16.1.4.3. Recent Development
16.1.4.4. Key Management Personnel
16.1.5. Menon Bearings Ltd
16.1.5.1. Company Details
16.1.5.2. Products & Services
16.1.5.3. Recent Development
16.1.5.4. Key Management Personnel
16.1.6. NTN Bearing India Pvt. Ltd
16.1.6.1. Company Details
16.1.6.2. Products & Services
16.1.6.3. Recent Development
16.1.6.4. Key Management Personnel
16.1.7. THB Bearings Co.Ltd
16.1.7.1. Company Details
16.1.7.2. Products & Services
16.1.7.3. Recent Development
16.1.7.4. Key Management Personnel
16.1.8. ISB Industries Private Limited
16.1.8.1. Company Details
16.1.8.2. Products & Services
16.1.8.3. Recent Development
16.1.8.4. Key Management Personnel
16.1.9. Bimetal Bearing Ltd.
16.1.9.1. Company Details
16.1.9.2. Products & Services
16.1.9.3. Recent Development
16.1.9.4. Key Management Personnel
16.1.10. JTEKT India Limited
16.1.10.1. Company Details
16.1.10.2. Products & Services
16.1.10.3. Recent Development
16.1.10.4. Key Management Personnel
17. STRATEGIC RECOMMENDATIONS
17.1. Target Regions
17.2. Target Vehicle Type
17.3. Target Demand Category
18. ABOUT US & DISCLAIMER
Note: The data given for any year represents the market during the fiscal year, i.e., 1st April to 31st March of that year. e.g., For 2023, the data represents the period, 1st April 2022 to 31st March 2023.
