India Inc India Inc: Friday, 21 April 2017 07:47

Bosch plans major India investment

German auto parts’ maker Bosch expects to invest around $156 million (Rs 1,000 crore) on a yearly basis for the next few years on plant and machinery.

This investment is aimed at covering the company’s transition from BS-IV to BS-VI emission standards and the production of some of the mechanical products will be reduced as part of the transition.

The government has announced its plans to skip BS-V norms and has asked the industry to comply with BS-VI emission norms by 2020.

Bosch Ltd Managing Director Soumitra Bhattacharya said: “The advancement of emission norms would, however, require Bosch to have higher-than-expected investment and higher import content from its parent, which could increase its cost thereby impacting the margins.”

The company will hire 3,000 employees for its engineering operations across India as part of its technology development at its Bengaluru centre, its biggest engineering facility outside parent country Germany.

India Investment Journal’ has in-depth coverage on related topics.

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