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.”
Over the years, @boschindia has taken a lead in numerous industries and is only second to Germany in R&D, while being a pioneer in introducing BS6 solutions to the automobile sector in India.#100YearsOfBoschIndia #JourneyTowardsNext100Years #InIndiaSince1922 pic.twitter.com/bBvQpBKIYM
— carandbike (@carandbike) February 3, 2022
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.
To celebrate its centenary in India, @boschindia is introducing #SparkNXT, the next leap in innovation through a digital platform, which will empower various industrial sectors in the country.#100YearsOfBoschIndia #JourneyTowardsNext100Years #InIndiaSince192 pic.twitter.com/JMksDsWD8V
— carandbike (@carandbike) February 3, 2022
In its presentation, Bosch also supported the government’s vision to reduce road accidents by over 50 per cent by 2025, and for this, the company will lend its expertise in assisted and automated mobility ranges across passenger and commercial vehicle driver assistance with India-specific object identification technology, motorcycle safety and rider assistance, and braking and occupant safety for both four-wheelers and two-wheelers.
Bosch Automotive Aftermarket is the largest multi-brand car service center in India with an expansion to 1,000 locations by 2025, making it the largest chain for unit repair for diesel and electrical service centers which will grow to 2,000 outlets by 2025. It has developed a state-of-the-art digital ecosystem for workshops that would give data insights on workshop operations, digitally diagnose and repair, and order spares via e-commerce.
With #SparkNXT, @boschindia will invest ₹ 1,000 crore over the next 5 years for advancing automotive technology, this includes EV adoption by investing in developing components, improving on safety measures, and creating an aftermarket eco-system.#100YearsOfBoschIndia pic.twitter.com/Xjb4nrBHbx
— carandbike (@carandbike) February 3, 2022
Bosch is well prepared to make a leap through a digital marketplace that aims to be the one-stop-shop for all mobility-related assets – Mobility Marketplace. As an innovation plus transactional platform, it focuses on improving utilization and efficiency elements across the ecosystem. It is a neutral platform with digital assets focused on mobility solutions powered by Bosch’s expertise in the mobility domain. Not only does the marketplace provide significant value for buyers by offering curated and secured content, but it also enables the sellers to realize additional revenue channels through new business models. The platform aims to expand the portfolio of digital assets from APIs to data to end-to-end solutions, services, and hardware covering a wide range of services in an automotive lifecycle such as road/ weather data, telematics, navigation, point-of-interest services (parking, EV infra, etc.).
Bosch also aims to bring more diversity for its digital savvy buyer segments (OEMs, fleet management providers, smart cities, logistics service providers to name a few) by offering ready-to-use complementing solutions. And so, Bosch has created the Mobility Cloud Platform (MCP) – a launchpad and ecosystem for developing, implementing, and scaling IoT-enabled digital products for advanced connected mobility solutions. This platform is said to help customers to focus on their core product features, optimizing their lifetime product costs by up to 25 per cent and improving the time to market by up to 3x.
Highlights
- Bosch will invest more than Rs. 1,000 crore over the next five years
- Bosch has invested Rs. 900 crore across various industries till now.
- Bosch India plans to invest an additional Rs. 238 crore in safety domain.
Keyword: Bosch Celebrates 100 Years In India; Announces ₹ 1,000 Crore Investment