Schaeffler India conducted multiple raids with the help of enforcement agencies against counterfeiters of LuK and FAG products.- The company says that the actions taken spanning over a year yielded fake products worth ₹5 million approximately.
- Using counterfeit products can increase risk of unplanned downtimes,
maintenance costs , and reduce supply chain efficiency.
Recently, the company conducted multiple raids with the help of enforcement agencies against counterfeiters of LuK and FAG products across cities like Delhi, Kolkata, Coimbatore and Hyderabad.
The company’s brands span across clutch and release systems, engine and transmission applications, as well as chassis applications.
The company says that the actions taken spanning over a year yielded fake products worth ₹5 million. Criminal proceedings were initiated against 10 bogus entities, who were found to be engaging in such activities.
“These actions continue to highlight the misuse of intellectual properties and putting customers at risk. We are certain that the enforcement actions along with other reactive and preventive measures are being taken seriously in the marketplace and will reduce counterfeited products in the supply chain,” said
Using counterfeit products can increase risk of unplanned downtimes, maintenance costs, and reduce supply chain efficiency. Through these enforcement actions, the company claims that it continues to create awareness among customers and in the marketplace.
“These raid actions are a part of a continuous process and are important to protect Schaeffler’s customers against the negative effects of the misuse and illegal usage of trademarks, logos, and other intellectual properties of the company in India,” the company says in a statement.
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