Celebrating its centenary in India, Bosch announced to invest more than ₹ 1,000 crore over the next five years, in the localization of advanced automotive technologies. With ₹ 900 crore invested in the country till now, across various industries, Bosch India will look to focus on technologies for a mobility experience that is economical and sustainable, safe and secure, convenient, and exciting in the future. Moreover, Bosch India plans to invest an additional ₹ 238 crore over the ₹ 380 crore financed over the last 10 years in the safety domain. The company will also continue to invest heavily in India to expand its portfolio close to 7 per cent of total net sales.
Soumitra Bhattacharya, MD of Bosch Limited & president of the Bosch Group in India said, “Bosch’s 100-year journey in India is a testament to the passion, hard work, and dedication of our associates. I sincerely thank our associates for the part they have played in this. Bosch India will remain true to its roots and evolve, innovate, and spark the next wave of big-ticket products and services. We will continue to pursue this vision for a digital, sustainable, efficient, self-reliant, and future-ready India.”
Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. With its state-of-the-art customized products and solutions, it has been at the forefront of the transformation in India’s mobility and ‘beyond-mobility’ landscape. In mobility hardware and software development, Bosch Global Software Technologies Private Limited (BGSW) located in Tamil Nadu, is the largest R&D center outside Germany with 20,000+ engineers.
Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH said, “Bosch India has brought together the best of German engineering and Indian entrepreneurship to develop innovative products across all segments. I wholeheartedly congratulate the management and associates of Bosch India on reaching this milestone without compromising on performance and consumer trust.” Bosch is taking further strategic steps towards a leading position in the software-dominated future of mobility by combining its automotive know-how, wide-ranging electronics, and software expertise. Additionally, Bosch estimates that by 2030, every third new vehicle in India will be an EV. At the same time, dependent on use case/customer strategy, the Internal Combustion Engine (ICE) could also be electrified with mild and strong hybrids. The ICE remains an important part of the powertrain mix especially in commercial vehicles and off-highway segments.
