Indian Economy News

Bosch to invest over Rs. 200 crore (US$ 25.12 million) in India's auto sector in next 5 years

  • IBEF
  • July 13, 2022

Auto components major Bosch Ltd, is expected to invest over Rs. 200 crore (US$ 25.12 million) in India in the next five years in advanced automotive technologies and digital mobility space, said Mr. Soumitra Bhattacharya, Managing Director, Bosch Ltd.

According to Mr. Bhattacharya, the company is also quietly and cautiously enthusiastic about having a double-digit growth in FY 2022-23 compared to FY 2021-22. In FY 2021-22, the company recorded a total revenue from operations of Rs. 11,104.7 crore (US$ 1.40 billion).

Bosch Ltd will support OEMs through system expertise and also participate in ecosystem partnerships to become a major player in the electrification ecosystem, said Mr. Markus Bamberger, Chairman, Bosch Ltd.

Bosch global is prepared to tackle tough situations and has a strong product portfolio in electromobility with strong order books, said Mr. Bamberger.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.