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Falling raw material prices, demand recovery to drive gains for Bosch stock

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

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Ram Prasad Sahu
Aided by improving demand and a low base, the country’s largest listed auto component maker, Bosch, posted a better-than-expected June quarter results for the 2022-23 financial year (Q1FY23). The company, which gets most of its revenues from the auto segment (mobility solutions), reported a 45 per cent growth in the topline as compared to Q1FY22.

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. Gains in the powertrain segment came from a 55 per cent increase in sales to passenger vehicle makers while