NRB Bearings Accelerates Expansion Plans on Hopes of GST-Driven Demand

NRB Bearings Accelerates Expansion Plans on Hopes of GST-Driven Demand

NRB Bearings announced it is fast-tracking its capacity expansion plans, anticipating a major boost in demand from the recent GST reforms across the automotive and manufacturing sectors.

Key Expectations from GST Reforms

• Anticipated Demand Surge: NRB Bearings expects the GST rate cuts, particularly in the auto sector, to aid consumer demand by making vehicles and spare parts more affordable. The company specifically aims to capitalize on the renewed optimism and rising sales volumes reported by original equipment manufacturers (OEMs).
• Strategic Capacity Expansion: In response to the favorable market outlook, the company is accelerating its planned capital expenditure (CapEx) to expand its manufacturing capacity. This proactive move is intended to ensure NRB is prepared to meet the projected rise in demand from its clients.
• Sectoral Benefit: The bearings industry, being a key supplier to the automotive and industrial machinery sectors, directly benefits when final product prices decrease due to tax rationalization, leading to increased volume sales across the supply chain.

Source :- Money control