Delhi police breaks the largest spurious bearing racket of the city
2004 October 21, 09:34 CET
SKF India Limited, the leading bearing manufacturer of the country as part of its ongoing initiative to continuously offer genuine, reliable and quality products, today announced the seizure of large quantities of counterfeit bearings and packaging material in the city.
Delhi Police, Crime branch carried 12 raids across different locations in the city to confiscate several millions worth of counterfeit bearings. The raids were carried out at GB road, Kashmiri Gate and Malkagang. The Police in addition to the spurious bearings seized printing equipment and stamping machinery as well as hundreds of thousands of spurious packaging materials such as cartons and pouches.
The police arrested the owners of 10 establishments on the grounds of copyright violation as well as cheating customers through the sale of spurious products.
Mr. Rakesh Makhija, Managing Director, SKF India Ltd. said, “Spurious products are a deterrent to the economy at large. SKF India, as an organization is completely committed to safeguard its customers’ interest. We are working closely with our Authorized Distributors and Authorized Stockists to ensure that customers receive only genuine bearings.”
Every prominent brand in India in the FMCG, Consumer Durables, and Spare parts, Auto Components faces the challenge to counter spurious product. Counterfeit and spurious product hurts customer interest. It is the need of the hour to educate and shift the mindset of buying of genuine products only from authorized sources. To counter counterfeit SKF India has been proactively handling this situation through detailed customer awareness programmes and holographic product packaging.
SKF is the world's leading technology & solutions provider of bearings, seals, related products,
systems and services to the Aerospace, Automotive, Electrical and Industrial sectors.
SKF in India is a Rs 8000 MINR business with three production facilities and employs over 2000 people. With an extensive and growing network of over 225 distributors across the country, the company enjoys a majority market position.
The company offers integrated mechanical and engineering services, preventive and predictive
maintenance, thereby enhancing the total life cycle of the customers' assets and helps reduce
their 'total cost'. With its forward thinking approach, the organization has continuously maintained customer satisfaction by developing new high quality products and solutions.