NEI Aims Investment of INR 100 Crores; Launches Needle Bearing at Auto Expo 2020

/ -- National Engineering Industries Ltd (NEI), part of the USD 2.4 billion diversified CK Birla Group, today launched 'needle bearing' as a part of its comprehensive range of bearings at Auto Expo Components 2020 in New Delhi. To be manufactured with the help of NTN Corporation's licensed technology, this demand driven product is used extensively by the domestic and international two wheelers and four wheelers OEMs, and for industrial applications. NEI also announced an investment of INR 100 crores over the next three years towards manufacturing of various forms of needle bearings solutions- shell bearings, weld cage roller assembly and turned cage roller assembly.

Speaking about these announcements, Rohit Saboo, President & CEO, National Engineering Industries Ltd, said, "Following the recent acquisition of Europe based Kinex Bearings, we are focussed on delivering on our operational goals and expanding our customer base. NEI continues to manufacture best in class technologically advanced products keeping in mind the current industry 4.0. The expansion of our product portfolio with the launch of needle bearings and plan to manufacture other products is part of NEI's customer centricity and our deep understanding of the market."
About NEI (National Engineering Industries Ltd)
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