Thursday 27 June 2019

SKF announces the seizure of counterfeit products at Mumbai, Maharashtra as a part of its anti-counterfeiting initiative

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Mumbai, June 27, 2019: SKF India, as a part of an ongoing initiative to offer genuine and reliable products to its customers, announced the seizure of significant amount of counterfeit products from two locations at Nagdevi street in Mumbai recently.These traders were non authorized traders of SKF.
The raid was carried out by the local police authorities in cooperation with SKF India. A large number of counterfeit SKF packed bearings of various types and sizes, a number of empty cartons and packaging material, crude handheld machines used to mark bearings, and printers used to print labels for cartons were seized.
The challenge of counterfeit bearings has become very rampant in recent years and all markets are now susceptible to receiving these unpredictable quality products of all brands unknowingly. These counterfeit products may lead to production and other losses due to unplanned shutdowns. While lost sales and loss of image are definitely some of the consequences, the total financial damage resulting from the counterfeit products is difficult to quantify.
SKF India shows no tolerance for counterfeit products and continues to work hard to keep counterfeits away from the market. SKF India works at educating its customers on the importance of buying genuine bearings. This raid was carried out on a tip-off received from the end customers who suffered production losses due to counterfeit bearings.
Counterfeit products look-a-like to genuine products and only trained SKF personnel can recognize if a product is genuine SKF. SKF actively assists local authorities continuously in taking action against this illegal activity. SKF supports customers by verifying the authenticity of doubtful products by encouraging customers to write to their email id genuine@skf.com.
The best way to safeguard authenticity is to source through the authorized sources. To know your nearest  SKF Authorized distributor, please log on to www.skf.com/in.  Otherwise, please contact SKF’s local representative.

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