NRB Bearings Limited has approved a Rs 2 billion capacity expansion plan to support its growing pipeline of lifetime nominated business worth Rs 6 billion from leading European Tier one customers. This expansion will serve BMW, Stellantis, and Renault across their next-generation platforms, covering electric vehicles, hybrids, and internal combustion engine models.

The company, nominated by Magna and other European customers, has co-developed advanced bearing solutions for these future platforms. To meet rising demand, NRB will invest over the next two years in expanding manufacturing capacities and upgrading research and development. Investments will focus on Cylindrical Roller Bearings, Needle Roller Bearings, Thrust and Combination Bearings, and Taper Roller Bearings, alongside enhancements in heat treatment and infrastructure.

Additionally, NRB Bearings has secured incremental lifetime business worth Rs 120 million for next-generation E-Drive platforms, extending its strong presence in the electric and hybrid vehicle sectors. This builds on Rs four billion of existing nominated business for E-Drive platforms, with supply commitments until 2030.

This strategic move strengthens NRB’s position as a key supplier of high-precision bearing solutions for European automotive manufacturers and reinforces its role in supporting the evolving mobility sector.

Source: Equity Bulls