The Bharat Mobility Global Expo event provided a platform for leading automotive component manufacturers to showcase their latest innovations. Among the key participants was Texspin Bearings, a company renowned for its advanced bearing and clutch technologies. Dipen Makwana, Managing Director, Texspin, in an Interview with Bus Coach India Magazine, shedding light on the company’s latest product developments, investment strategies, market outlook, and future growth plans. Below is the detailed interview capturing Texspin Bearings’ vision and commitment to technological excellence.
Q: Can you tell us about the products that Texspin has displayed at Bharat Mobility Global Expo?
At this event, we have showcased a diverse range of products and technologies that we have developed over the years, with a particular emphasis on our advancements in the last couple of years. However, more than just displaying products, we are here to reinforce our commitment to our customers. Our presence at Bharat Mobility Global Expo is a testament to the trust and faith our customers place in us, and that is something we take immense pride in.
In terms of products, we are demonstrating our progress in actuation systems, including clutch release actuation systems, clutch release bearings, and electronic clutch release bearings. We have also brought forth other electronic technologies that cater to modern vehicle requirements. Additionally, we have displayed our high-speed bearings and components specifically designed for electric vehicles (EVs). Another major highlight is our innovative wheel-end technologies, which serve both passenger and commercial vehicle segments. These developments represent significant strides in our technological journey.
Q: What investment plans do you have for the future?
We have a number of ambitious investment plans in the pipeline. We are currently working on projects that, we believe, will redefine the positioning of Texspin in the industry over the coming years. Our vision extends beyond just launching new products or introducing advanced technologies. We aspire to create a legacy that will mark a historic milestone for Texspin. We will be unveiling more details on these groundbreaking initiatives very soon.
Q: What is the company’s growth outlook for the next two to five years?
Our strategy is focused on achieving multifold growth. While organic expansion remains a fundamental part of our plan, we are also actively exploring opportunities beyond organic growth. This includes strategic initiatives aimed at enhancing our market positioning. Our goal is not only to strengthen our existing presence but also to expand into new areas of innovation and market demand.
Q: Are there any mergers or acquisitions in the pipeline?
As I mentioned earlier, we are engaged in multiple exciting projects. While I cannot disclose specific details at this moment, I can assure you that we have some major announcements coming up soon. Stay tuned for updates on our strategic growth plans.
Q: What opportunities and strengths do you see in the market for Texspin?
The market is constantly evolving, and the demand for new and improved technologies is ever-present. However, it’s not just about radical transformations; rather, incremental refinements in reliability and performance play a crucial role. Technological advancements are often defined by these refinements. By focusing on process optimization and innovative design, we believe we can add immense value for our customers and strengthen our position in the industry.
Q: How many manufacturing plants does Texspin operate, and any new plant coming in the coming year?
We currently have three manufacturing plants, all strategically located in Gujarat, near Ahmedabad. These facilities are equipped with state-of-the-art technology, enabling us to meet both current and future market demands.
Q: What is your total production capacity for bearings and clutches?
This year, we are set to manufacture 20 million bearings. We have already doubled our production capacity and are continuously scaling up. Our ability to develop and set up in-house machinery allows us to efficiently increase capacity as required, ensuring we meet market needs effectively.
Q: Can you elaborate on Texspin’s R&D capabilities?
Research and development form the backbone of our company. We take immense pride in having the largest R&D center in India, which is housed within our plant in Ranpur. More than 50 dedicated R&D engineers work at this facility, ensuring that we remain at the forefront of innovation. Our in-house R&D expertise enables us to swiftly respond to customer requirements and evolving market trends.
Q: What differentiates Texspin from its competitors?
There are several factors that set us apart from our competitors. First and foremost is our determination and unwavering customer-centric approach. We have a ‘never say no’ attitude when it comes to meeting customer requirements. Our flexibility and adaptability allow us to provide tailored solutions, giving us a competitive edge. Additionally, our strong reputation as an innovation-driven company ensures that we consistently deliver cutting-edge technologies to the market.
Q: What is Texspin’s growth mantra?
Our growth mantra is simple yet powerful – identify and fulfill customer needs. If we can bridge the gaps in the market and address our customers’ pain points with effective solutions, success will naturally follow.
Q: What sales volume are you targeting in the market?
We are on track to surpass ₹1,000 crores in revenue this financial year, a milestone that highlights our growth trajectory and market success.
Q: How do you ensure the quality of your components before sending them to customers?
Quality assurance is of paramount importance to us. We conduct extensive in-house testing and validation to ensure the highest standards. Our validation center is not only the largest in India but also one of the most advanced globally in the bearing industry. We take immense pride in our rigorous testing processes, which guarantee product reliability and excellence.
Q: What are the key trends in innovation and technology in the bearings and clutch industry?
The industry is evolving rapidly. The key trend is the seamless integration of the latest technological advancements into our products while maintaining high levels of reliability and efficiency. Keeping pace with innovation and ensuring that our offerings align with modern market demands is essential for continued success.
We have heard that your exhibition stall is very innovative. How did you come up with the design?
Thank you for the compliment. We take great pride in designing engaging and innovative stalls for exhibitions. Our customers expect a high level of creativity from us, and we strive to exceed those expectations. Every time we participate in an event, we aim to present something fresh and unique. Our talented in-house team conceptualizes and executes these designs to perfection.