News Article
Bosch expands activities in India
Bosch continues to grow in India. Sales of the Bosch Group with customers in India are expected to grow by nearly 20%, to roughly €815 million.
Including exports, sales of the Bosch companies in India will come to nearly €1 billion.
At the beginning of 2008, the Bosch Group workforce in India will total more than 18,000 associates, which is roughly 10% more than in 2007.
"Our response to India's strong economic growth and increasing motorisation is to expand local development and manufacturing," said Dr. Bernd Bohr, member of the Bosch board of management and chairman of the Automotive Group. "Our main focus is on technologies for environmental protection and accident prevention," he added.
From 2005 to 2008, the company will have invested more than €325 million in the country and a further €170 million are to be invested by 2010. Apart from the expansion of common-rail diesel production, this money will also be invested in the manufacturing of gasoline systems components from 2008. Moreover, it is planned to start local ABS production of electronic control units in 2009.
Bosch will standardise its companies names and also intends to pool and strengthen it social activities in India. With this in mind, the Bosch India Foundation will be established in 2008. Its main brief will be to promote education, health and charitable projects.
"For us, India is more than just a dynamic sales market. For many years now, we have also devoted particular attention to social and ecological concerns," Bohr said.
