Bosch

Strong volume growth in its core segments of M&HCV/tractors should help keep the sales trajectory elevated

Auto components major Bosch Ltd on Wednesday announced leadership changes with Guruprasad Mudlapur appointed as its Managing Director, and President of the Bosch Group in India with effect from July 1, 2023. He will succeed Soumitra Bhattacharya who will be retiring from Bosch India effective June 30, 2023, after 28 years of service in various capacities, the company said in a regulatory filing. Further, Bosch said from July 1, 2023, Sandeep Nelamangala, currently, Executive Director at Bosch Ltd and Executive Vice-President, Mobility Solutions at Bosch India, will be appointed as Joint Managing Director of Bosch Ltd. Mudlapur will be responsible for the strategic growth and overall performance of the business in the region. At the same time, he will continue to be chief technology officer for Bosch Ltd, it added. He has more than 15 years of experience in the Bosch Group and has held various positions in engineering and business management. Most recently, he was joint managing ...

For innovation to power economic growth, Indian industry must raise its investment in in-house R&D five-fold

Bosch Ltd, the Indian unit of German automotive supplier Bosch, on Tuesday warned of a "challenging 2023" amid growing fears of recession, after reporting a 36% jump in third-quarter profit.

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA

Bosch Global Software Technologies(BGSW) on Wednesday inaugurated its new smart campus here to strengthen its software-centric product innovations. The Centre of Excellence is a technology and innovation R&D hub focused on automotive engineering and digital enterprise, BGSW said in a statement. BGSW has two facilities already operational with a professional workforce of about 1,500 associates in Hyderabad. To consolidate their operations, they will be moving into the new state-of-the-art 1.5 lakh square feet facility, and plan to build the workforce talent in automotive engineering and digital enterprise, it said. The company aims to raise the workforce at the centre to 3,000 professionals by 2025, it said. In the automotive engineering domain, the facility will work on classical powertrain, automotive steering, e-mobility, cross domain computing (ADAS, autonomous driving), active and passive safety, and digital cockpit systems. On the digital enterprise front, it will focus on ..

Auto component major Bosch on Tuesday reported a flat consolidated net profit of Rs 372.4 crore for the second quarter ended September 30. The company had posted a net profit of Rs 372 crore in the July-September quarter of the previous fiscal. Its revenue from operations rose to Rs 3,662 crore for the period under review compared to Rs 2,918 crore in the same period last fiscal. "The surge in demand on the back of the continued recovery of the automotive market has contributed to a strong performance this quarter. We have witnessed robust topline growth, posting consistent profits over a low base in the same quarter of the previous year," Bosch Ltd Managing Director Soumitra Bhattacharya stated. Although semiconductor supplies have eased out relatively, the supply chain ecosystem itself continues to remain fragile, he added. "Despite these uncertainties, including rising input costs, we expect to build on the strong performance of this quarter," Bhattacharya noted.

Within mobility solutions, sales growth (up 48 per cent year-on-year or YoY) was led by the bread-and-butter powertrain segment, followed by aftermarket and two-wheeler business

Bosch will invest over Rs 200 crore in India in the next five years in advanced automotive technologies and digital mobility space

Inaugurating the Bosch Smart Campus, Prime Minister Narendra Modi said that this campus will take lead in developing futuristic products and solutions for India and for the world

Prime Minister Narendra Modi on Thursday virtually inaugurated the new 'smart' campus of Bosch India, a leading supplier of technology and services in Bengaluru.Speaking at the inauguration ceremony, PM Modi said, "It is a special year for both India and Bosch India, as the nation celebrates 75 years of Independence and Bosch celebrates a century of its presence in India. Bosch came to India as a German company about 100 years ago and now it is as much Indian as German. This is a great example of German engineering and Indian energy."The Prime Minister highlighted the importance of the Bosch Smart Campus in the development of futuristic products and solutions for India and the world."This campus will take lead in developing futuristic products and solutions for India and for the world. I urge Bosch to think of doing more in India and set goals for the next 25 years," he added.Meanwhile, Karnataka Chief Minister Basavaraj Bommai, the chief guest at the ceremony, applauded the work done

Inaugurating the Bosch Smart Campus, Prime Minister Narendra Modi said that this campus will take lead in developing futuristic products and solutions for India and for the world

Auto components major Bosch Ltd on Thursday reported a 27.28 per cent decline in consolidated net profit at Rs 350.5 crore in the fourth quarter ended March 2022 dragged down by higher expenses. The company had posted a consolidated net profit of Rs 482 crore in the same period previous fiscal, Bosch Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 3,311 crore as against Rs 3,215.9 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 2,972.2 crore as compared to Rs 2,693 crore a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 1,217 crore. It stood at Rs 480.7 crore in the previous fiscal, the company said. Bosch said its consolidated revenue from operations in FY22 was at Rs 11,781.6 crore in comparison to Rs 9,716.2 crore in FY21. The company said its board of directors recommended a dividend of Rs 110 per equity share of Rs 10 each

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The Hyderabad-based, Autozilla Solutions specialises in the development of electronic parts catalogues for spare parts

The city of Suzhou - a trading, commercial and industrial hub in the eastern province of Jiangsu - reported eight domestically transmitted infections with confirmed symptoms for Monday

The company had posted a consolidated net profit of Rs 184.15 crore in the same period last fiscal

Technology and services supplier Bosch, which has completed 100 years of its presence in the Indian market, has said it will invest more than Rs 1,000 crore in the localisation of advanced automotive technologies over the next five years. Besides, the company also launched its mobility marketplace to provide its mobility-related assets under one platform. Bosch opened its first sales agency in Kolkata in 1922. It currently has 18 manufacturing sites and seven development and application centres, employing close to 31,500 associates. "Bosch India has brought together the best of German engineering and Indian entrepreneurship to develop innovative products across all segments," said Stefan Hartung, chairman of the board of management, on Thursday. The company will continue to invest heavily in India to expand its portfolio close to seven per cent of total net sales. Backed by the biggest R&D team outside Germany Bosch's Beyond Mobility business works to the highest international .

Analysts at Motilal Oswal Financial Services expect growth in Bosch to rebound faster on account of the revival of the commercial vehicle (CV) cycle and addition of the 2W segment

Closure of Bosch plant in Malaysia hurt production in September