Astrology

Bosch celebrates 100 years in India; Announced Rs. 1,000 crore investment

February 3, 2022
Sezarr

Celebrating its centenary in India, Bosch announced an investment of over ₹1,000 crore over the next five years in the localization of advanced automotive technologies. With over Rs 900 crores invested in various industries in the country so far, Bosch India will focus on technologies for a mobility experience that is affordable and sustainable, safe and secure, convenient and exciting in the future. In addition, Bosch India plans to invest ₹238 crore over ₹380 crore financed in the last 10 years in the security sector. The company will continue to invest heavily in India to expand its portfolio to close to 7 per cent of total net sales.

Read also: Bosch partners with Mahindra for AdrenoX connected car system on XUV700

Soumitra Bhattacharya, MD, Bosch Limited and President of 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 would like to thank my colleagues for the role they played in this. A heartfelt thank you. Bosch India will stay true to its roots and develop, innovate and spark the next wave of big-ticket products and services. We are a digital, sustainable, efficient, self-reliant and future-ready India Will continue to pursue this vision for

Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and construction technology. With its state-of-the-art customized products and solutions, it has been at the forefront of India’s mobility and transformation in the ‘beyond-mobility’ landscape. In mobility hardware and software development, Bosch Global Software Technologies Pvt Ltd (BGSW), based in Tamil Nadu, is the largest R&D center outside Germany with 20,000+ engineers.

Read also: Bosch will invest more than 400 million euros in chip production

Dr. Stefan Hartung, Chairman of the Board of Management, Robert Bosch GmbH, said, “Bosch India has brought together the best of German engineering and Indian entrepreneurship to develop innovative products across all sectors. Without compromising on performance and consumer confidence. My heartfelt congratulations to the management and associates of Bosch India for reaching this milestone.

Bosch is taking a further strategic step towards leading the way in the software-dominated future of mobility by combining its automotive knowledge, extensive electronics and software expertise. Additionally, Bosch estimates that by 2030, every third new vehicle in India will be an EV. Also, depending on the use case/customer strategy, internal combustion engines (ICEs) can also be electrified with lighter and stronger hybrids. ICE continues to be a significant part of the powertrain mix, particularly in the commercial vehicles and off-highway segments.

In its presentation, Bosch also endorsed the government’s vision of reducing road accidents by more than 50 percent by 2025, and for this, the company has come up with an India-specific item in passenger and commercial vehicle driver assistance in assistive and automatic mobility range. will provide its expertise. detection technology, motorcycle safety and rider assistance, and braking and occupant protection for both four wheelers and two wheelers.

Read also: One-time chip supply shock over, says Bosch CEO, but structural deficit remains

Bosch Automotive Aftermarket is the largest multi-brand car service center in India with expansion to 1,000 locations by 2025, making it the largest chain for unit repair to 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 will give data insights on workshop operations, diagnose and repair digitally, and order parts through e-commerce.

Bosch is well poised to leapfrog through a digital marketplace, which aims to become a one-stop-shop for all mobility related assets – mobility marketplaces. 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. Marketplace not only provides significant value to buyers by offering curated and secure content, but it also enables 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 across the automotive lifecycle such as road/weather data, telematics, Navigation, point-of-interest services (parking, EV infra, etc.).

Read also: Volkswagen and Bosch team up on automated driving software

0 notes

Bosch aims to bring more diversity to its digital savvy buyer segment (OEM, Fleet Management Provider, Smart City, Logistics Service Provider) by offering ready-to-use complementary 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. The platform is said to help customers focus on their core product features, optimize their lifetime product cost by up to 25 percent and improve time to market by up to 3x.

for the latest auto news And ReviewFollow carandbike.com Twitter, Facebookand subscribe to us youtube Channel.

,