Bosch Ltd is looking to boost investments in R&D and increasing local production of components such as hub motors used in electric two-wheelers (e2w), a top company official said, as adoption of green mobility widens in the world's fifth-largest economy.
The local arm of Germany's Bosch GmbH also aims to expand its research and development efforts for passenger car electrification in India.
"We are looking at continued investments in the passenger car segment. We have solutions already offered to several OEMS (original equipment manufacturers) and we are discussing with several more OEMs on electrification solutions.
We will also enhance our investments in two-wheeler electrification," Guruprasad Mudlapur, president and managing director of Bosch Ltd, told Mint. "A significant part of our activity here is in R&D, and that continues." He emphasized sustained investments in e-axles for passenger cars and substantial allocations for two-wheeler electrification, all complementing Bosch's global portfolio tailored for local customers.
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