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CIN: U29130WB1946PLC013643
Founded in 1946, National Engineering Industries Ltd (NEI) is India’s leading bearings manufacturer and exporter, renowned for excellence in quality and delivery.
This includes details about the electric vehicle bearings that they have started making, The company is also an exporter for components and in fact earns 20 per cent of its earnings from the overseas markets.
The Indian economy was facing challenges even before Covid-19. The key point now on everyone’s agenda is to embark on the journey to recovery.
CNBC-TV18’s special series ‘Inspirational Brands – Make In India’ puts a spotlight on companies that are contributing to the government’s Make In India mission.
The Indian manufacturing industry has been impacted by the social and economic lockdowns over the last 17 months. IR traffic limitations in the passenger services has limited some demands.
Sustainable development from a holistic point of view would be achieved only when there is either a balance or a trade-off between these three aspects.
Huge efficiency and productivity gains are now being realised through the innovation of new products, research, personalisation, and quantum leaps in quality.
NEI which clocked sales of INR 2,750 crore in FY21 plans to double its turnover in four years through its planned organic and inorganic expansion, he added.
The current decade will witness the emergence of electric vehicle in India, which will create demand for specialised bearings for them.
Schemes like global sourcing scheme, component champions scheme besides PLI ranging from two to 12 per cent, should make us more competitive globally.
Emerging stronger from the pandemic, National Engineering Industries (NEI) is striving hard to offer localised solutions for multiple segments.
