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FAG India incorporated as Precision Bearings India Limited (in collaboration with Norma Hoffmann Bearings Corporation, USA) in 1962. The foundation stone of the building was laid in April in 1963.
Commencement of manufacturing operations. Bearings marketed under brand Name ‘NORMA’.
FAG Germany acquired the stake of Norma Hoffmann thus FAG India became a part of the FAG group.