• First facility in India to start commercial manufacturing of indigenous common rail injector
• MoU signed with Maharashtra State Government in November 2005, bear fruits

Nashik, August 1, 2007: In a significant milestone in the history of the development of Common Rail technology in India, Bosch today announced the roll out of the first Common Rail Injector at its Nashik facility. This rollout follows the previous announcement by Bosch
to invest Rs.1800 crores in India between 2005 and 2008. A major part of this investment has been committed to the Common Rail development in India. Bosch has been manufacturing injector components for common rail in Nashik since 2006 and having developed indigenous skill and expertise now, is ready to start commercial production of complete rail injectors for both domestic and export markets. Initially it will roll out 100,000 Injectors in 2007, which will touch 3.5 million in 2010.

In November 2005, a MoU was signed between Bosch and the Maharashtra State Government on Common Rail injectors and expansion of mechanical injectors at the Nashik plant, which has borne fruits now.

Working in partnership with customers, as an independent, international, and innovative systems supplier, Bosch is ideally positioned to develop complex technologies that will protect the environment, raise the safety standards, and to get them off the drawing board
and onto the road. The company’s slogan ‘Invented for life’ sums up this mission perfectly.

“We are delighted to announce the launch of the Common Rail Injector at Nashik, which further reinforces our capability to indigenously manufacture high technology products to meet the emission challenges. The potential for the growth of diesel technology in the country is huge and Bosch is committed to play a significant role in the growth of this technology through its pioneering innovations,” said Dr. Albert Hieronimus, Managing Director, Motor Industries Company Ltd, the flagship of Bosh group subsidiaries in India.

Ongoing large-scale investments in Research and Development have paid high dividends: Our innovative technologies place us in a position where we can play a central role in shaping the future of the automobile technologies in many key areas,” said Dr Hieronimus.

In 2006, worldwide sale of Bosch Common Rail systems was 6.8 million units which are projected to touch 8 million in 2007. Though in India Bosch sold 40,000 Common Rail systems in 2006, it is projected to touch 1.3 million units in 2010, said Dr. Hieronimus. The figures itself proves the growth potential of this unique technology pioneered buy Bosch.

In 2006, Bosch Group worldwide spent over 2.7 billion euros on Research and Development in the Automotive Technology business sector alone. That equates to roughly 10 percent of the 27.2 billion euros in sales achieved in this sector – a share that is far higher than the industry average. Research and development expenditures for 2007 are expected to be equivalent to some ten percent of total sales. Close to half these investments in the future will benefit systems that directly help to conserve resources and protect the environment. Nearly 40% of 3,000 patents filed by the Group last year, 1,200 patents are directly related to environmental protection and resource conservation – confirmed Dr Albert Hieronimus.

Bosch - a major contributor to Nashik Economy

Founded in 1972, the Nashik facility is spread over 100 acres and has been producing high quality Injectors and Nozzles for diesel engines of all types and applications. Since December 2005, the Nashik facility has been manufacturing and exporting high precision common rail injector Components.

Besides employing over 3000 associates, it is the biggest private sector employer in the city and one of the biggest contributors to the exchequers. It also provides employment and service opportunity to nearly 83 local suppliers in and around the Nashik region. This facility alone has paid out a total of nearly Rs. 400 Crores in the calendar year 2006 through excise duties, service taxes, sales taxes, octroi and employee wages.

In Nashik, the company has invested around Rs.7 crores towards upgradation of the effluent treatment facilities. Every new machine procured is made to undergo a thorough environmental impact analysis. The company now plans to use non-conventional energy resources as its next step. Bosch is committed to a greener and cleaner environment and is actively involved in social activities in its neighboring community. Since 1972 this facility is known for its lush, green surroundings and has been declared as a ‘Non-Smoking’ zone. It has also started a tree planting campaign in partnership with the Municipal Corporation of Nashik. The Nashik facility was the
recipient of the ‘Golden Peacock Special Commendation Certificate’ towards environment management in 2005.

About the Bosch Group
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 260,000 associates generated sales of 43.7 billion euros in fiscal 2006. The Bosch Group comprises Robert Bosch GmbH and its roughly 300 subsidiary and regional companies in over 50 countries. This worldwide development, manufacturing, and sales network are the foundation for further growth. Bosch spends more than three billion euros each year for research and development, and in 2006 applied for over 3,000 patents worldwide. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering."

The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information can be accessed at www.bosch.com

About Motor Industries Company Limited
Motor Industries Company Limited (Mico) is the flagship of the Bosch Group subsidiaries in India. Founded in 1951, Mico has grown over the years to become the largest auto component manufacturer in the country. The Bosch Group holds almost 70% stake in Mico and has planned a sizeable investment to introduce and manufacture new world class technology for the Indian market. It is headquartered in Bangalore with manufacturing facilities in Bangalore, Nashik, Naganathapura and Jaipur. All the 4 plants are TS 16949 and ISO 14001 certified.

With strength of over 10,000 associates, the company has its presence across three business sectors of Automotive technology, industrial technology and consumer goods and building technology. It has a nationwide network spanning across 1000 towns and cities in India with over 4,000 authorized representations which ensure widespread availability of both products and services.

Additional information can be accessed at www.boschindia.com