Magento: Getting Associated products of bundle products or displaying simple products of bundle products
$product_id=48;
$bundled_product = new Mage_Catalog_Model_Product();
$bundled_product->load($product_id);
$selectionCollection = $bundled_product->getTypeInstance(true)->getSelectionsCollection(
$bundled_product->getTypeInstance(true)->getOptionsIds($bundled_product), $bundled_product
);
$bundled_items = array();
foreach($selectionCollection as $option)
{
$bundled_items[] = Mage::getModel('catalog/product')->load($option->product_id)->getSku();
}
print_r($bundled_items);
