The company reported a 27 per cent fall in turnover, driven by the mobility segment that fell 31 per cent over the year-ago quarter
In August, the company had announced that it will temporarily stop production at its two plants separately during the month for a total of 13 days to "avoid unnecessary build-up of inventory"
Total income during the second quarter stood at Rs 33.40 billion
Bosch India, a leading supplier of technology and services for industries, including mobility products, is expecting some of its systems and solutions for electric two-wheelers to be implemented in India by next year. The company is working with various original equipment makers (OEMs) to offer its electric vehicle (EV) and connected vehicle solutions."We are in collaboration with various Indian OEMs, both for two-wheelers and passenger cars, to discuss what is possible. It is always the decision of the OEM on when to launch the product. For the two-wheeler side, we will see this in the course of 2018 to 2019," said Jan-Oliver Roehrl, chief technology officer at Bosch India.Bosch works with two-wheeler makers on battery management systems, hub motors used for acceleration and engine management systems. It considers itself a system and solutions provider, not a mere component provider. The company says it will do for EVs what it did for decades in the Internal Combustion Engine world ..
The BSE-listed Bosch Ltd clocked a record profit of Rs 1,741 crore in FY17
Interview of Steffen Berns, president and managing director, Bosch India
Our smart solutions can help Indian factories increase productivity and improve operational efficiency of the mining sector, says Steffen Berns
The company said it sees important growth potential in India