Bosch To Revamp Indian Facilities

Bosch will invest Rs.1700 crores in India to revamp its facilities.

- Bhargav TS

Entering India in 1922 with Illies & Company setting up a sales office in Kolkata (then Calcutta), Bosch will invest Rs.1700 crores in India over the next three years. Setting up its own manufacturing facility at Bangalore in 1951, the Group is banking on the signs of recovery the Indian automotive market, and especially the CV market, is showing. Confident of a positive development over the mid-term, Bosch will direct the Rs.1700 crores investment to meet the rising demand for tailored solutions. Announced Volkmar Denner, Chairman, Board of Management, Bosch Group, that the investment rides on the rise in Indian economy and the tremendous market potential. “To meet the rising demand with tailored solutions and expand India’s strong role in our global network, we will invest Rs.1700 crore over the next three years,” he mentioned.

A major share of the investment will go into the expansion of Bosch’s smart campus in Adugodi, Bangalore. A share of the investment would also go into modernising the manufacturing facilities in the country. Said Denner, “In India, the transformation of Bosch into a leading IoT player is quite evident. We have been investing heavily to drive this forward. Our Adugodi location is being revamped from a manufacturing facility into a technology hub.” Bosch has over the last three years invested over Rs.370 crores in India to create the smart campus at Adugodi, Bangalore. It is home to 3650 of its 18,000 engineers in India. An additional investment of Rs.600 crores is planned to expand the Adugodi campus. “In terms of new business, last year we set up a state-of-the-art artificial intelligence center here in Bengaluru, and our newly established Connected Mobility Solutions division is active in India too, where it is helping to shape the mobility of the future,” he said.