Schaeffler India Becomes First Industry Entity to Secure BIS License for Cylindrical Roller Bearings
Schaeffler India Limited, a prominent motion technology company, has secured the Bureau of Indian Standards (BIS) license for Cylindrical Roller Bearings (CRB) at its Maneja and Savli plants. This certification marks a significant first both for Schaeffler and for the broader bearing industry in India. The plants have been awarded the BIS license for CRB, making them the first in the Indian Bearing Industry to achieve this status. Furthermore, both locations have also received the BIS license for Deep Groove Ball Bearings (DGBB).These new certifications highlight Schaeffler India's dedication to quality and manufacturing excellence, reinforcing the company's commitment to supporting India's evolving quality framework and strengthening customer confidence in locally manufactured bearing solutions.
Commenting on this development, Harsha Kadam, Managing Director and Chief Executive Officer of Schaeffler India Limited, stated that the milestone reflects the company's unwavering commitment to operational excellence and customer trust. He noted that being the first company to secure the BIS license for Cylindrical Roller Bearings under the new standard is a proud achievement for their teams. Mr Kadam added that the accomplishment demonstrates their readiness to meet evolving regulatory and industry requirements, reaffirming their dedication to setting benchmarks in manufacturing excellence and supporting the growth of India's industrial ecosystem.
The achievement enhances Schaeffler India’s standing as a trusted technology partner across the industrial and automotive sectors, while actively contributing to the advancement of quality standards within the Indian manufacturing ecosystem.
SCHAEFFLER Stock Price Movement
Today, Schaeffler India Limited shares edged higher to close at ₹4158 after gaining 1.24%, reflecting a solid performance in Auto Components and Equipments. The stock recorded a traded volume of 48,965 shares during today's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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