Fake Auto Spare Parts Undermine Safety, Original Makers’ Profits
Resource from: CBCC Likes:2955
Aug 24,2007
Fake Auto Spare Parts Undermine Safety, Original Makers’ Profits
Counterfeiting activities are the highest in the passenger cars segment, with 45% of the after-sales market captured by the counterfeiters.
Almost half the auto components sold in the replacement or after-sales market are fake, according to the speakers at a conference on piracy organized by industry lobby Confederation of Indian Industry (CII).The proportion of fakes was 12% seven years ago and has risen to 47% now.
Apart from creating a huge financial loss to component makers, fake components also endanger the lives of users, the speakers said. They also hamper the performance of the automobile itself.The “bigger the brand, the stronger the counterfeiting as the profitability is larger”, Anubhav Jain, brand protection manager, Daimler Chrysler India Pvt. Ltd, said at the conference. His company makes Mercedez-Benz cars.
The speakers referred to the numbers put out by industry body Society of Indian Automobile Manufacturers, according to which almost half of the Rs13,587 crore auto components sold last year in the replacement market were fakes.Counterfeiting activities are the highest in the passenger cars segment, with 45% of the after-sales market captured by the counterfeiters in comparison with 15% for the commercial vehicles market.According to an analyst’s estimate, vehicle makers earn roughly 5-7% of their total revenue by selling components through their authorized dealers.
Bearings, brake pads, brake discs, rubber rings, supension parts, axle boots and supension parts are the most rampantly counterfeited products. “The use of counterfeited bearings and other critical components can even cause accidents and prove fatal,” said H.S. Zaveri, president, NRB Bearing Ltd.
Industry experts sought better co-operation from the government in terms of raiding manufacturers of fake products and finding a legal solution to the problem.
()
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
