The management is cautious on the near-term outlook
The company had reported a net loss of Rs 121 crore during the April-June quarter of the previous financial year.
Company's capex plan for FY22 dips for the first time in several years, is pegged at Rs 200 cr
The company announced a dividend of Rs 115 per share for the financial year 2020-21
Auto component major Bosch on Wednesday said it has suspended operations at its Nashik plant from noon till the midnight of May 23 to adhere to state government directives to break the transmission
The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices
The unit will manage external business of non-Bosch customers
The campus is likely to house the second-highest number of Bosch employees in the world
Around 85 million vehicles will roll off assembly lines around the world this year, more than the 78 million units produced in 2020 but still below the 92 million cars produced in 2019
Higher content share in BS-VI, two-wheeler electric vehicles offer incremental opportunities
Near term margin improvement will also be an area to watch out for
Govt should come up with a special stimulus package for the domestic automobile industry in order to revive the segment which is expected to de-grow in the current financial year as well, Bosch said
Analysts at ICICI Securities expect the company to outperform the underlying market due to rising revenues per vehicle, new order wins and focus on being a solutions provider
Two wheeler, tractor sales and rightsizing staff may help offset part of the impact
Auto components major Bosch reported a consolidated net loss of Rs 120.83 crore for the first quarter ended June affected by the coronavirus pandemic
Since May 22, post Q4FY20 results, Bosch has outperformed the market by surging 45 per cent as compared to 18 per cent rise in the benchmark S&P BSE Sensex index.
It has shed over 26 per cent in a year, with sluggish demand and weak operating leverage affecting its financials
As the automotive industry goes through major disruption, Bosch also witnessed 15.7 per cent fall in its revenues from operations at Rs 2,537 crore
Bosch is pumping massive investments into electric mobility and autonomous and connected driving
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