Bosch To Invest Euro 220 Million In India

By T Murrali

In a bid to meet the rising demand in the Indian automotive market by contributing tailored solutions, Bosch will be investing Euro 220 million (Rs 1,700 crore) in the country during the next three years. This was announced today by Dr Volkmar Denner, Chairman of the board of management of the Bosch Group, as part of his visit to India headquarters.

India plays a key role within the Bosch Group when it comes to Artificial Intelligence (AI). In the past year, the company invested about Euro 300 million in the Bosch Center for Artificial Intelligence (BCAI), which has locations on three continents. One of its main locations is Bengaluru – in addition to centers in Sunnyvale in the United States and Renningen in Germany.

The company plans to further expand India’s strong role in the Bosch Group’s global network. Apart from modernising its manufacturing plants in India, the bulk of the investments will go towards further expanding new Adugodi smart campus in Bengaluru. The former manufacturing site is being converted into a high-tech engineering centre. More than 3,600 engineers are employed there. Altogether, some 18,000 of the 31,000 Bosch associates in India work in research and development at several locations in Bengaluru and Coimbatore. This makes India the most significant location for Bosch engineering activities outside Germany. The solutions developed by these Indian engineers include a connectivity solution tailored to the Indian market. The telematics platform makes precise vehicle data available on a smartphone. Some of the most important benefits include fleet management, emergency services, off-road applications, and intelligent transportation for smart cities. The Connected Mobility Solutions division established by Bosch at the beginning of the year will be using solutions such as this to take the connected mobility business forward in India as well. In the past five years, the company has already invested a total of some Euro 670 million euros in the country.

“India’s economy is on the rise again and showing great potential,” he said adding that the country’s GDP is forecast to grow 7.7 percent this year, with a similar outlook for the years ahead. Even now, India is already Asia’s third largest economy. The Bosch Group sees a wealth of possibilities there – for example with solutions for electromobility, connected mobility services, and through government initiatives for smart cities and Industry 4.0. In the past year, the supplier of technology and services generated sales of Euro 2.2 billion in the local market, registering double-digit growth of more than 15 percent. The global company expects to see business continue to develop positively in India in the medium term.

NB: See detailed report in July 2018 edition. 

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