Firstcall's research report on FAG BearingsFAG Bearings India Ltd was incorporated in 1962. Since January 2002 FAG has been integrated into a strong network because that is when FAG, together with INA and LuK formed the Schaeffler Group. INA and FAG became the world’s second largest rolling bearing manufacturer. FAG India’s headquarter and manufacturing facilities are located in Vadodara, Gujarat, India. The Indian plant is certified per ISO 9001 and TS 16949. The FAG India plant has been certified to ISO 14001. FAG India has its presence in automotive and across all core industrial segments. Indian automotive industry has rapidly progressed in the last decade. FAG India is a proud partner in this technical progress providing Indian industry with bearings of contemporary technology and global quality standards. FAG’s advanced system solutions for wheels, power train and engine accessories support the automotive industry’s need for higher levels of integration, increased safety, driving comfort and environment protection. FAG is No.1 supplier of hub bearings to the Indian Passenger Car Industry. Since inception of FAG India, the Indian Railways has been an important customer and FAG India is recognized as the most reliable source for critical applications viz. Traction Motors, Journal Roller Bearings, Transmission, Auxiliary Motors, etc. Just on track with the Railways. We recommend ‘BUY’ in this particular scrip with a target price of Rs. 4300.00 for Medium to Long term investment. For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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