• Following investments of Rs. 1800 crores from 2005 to 2008, further investments of Rs. 850 crores take the total to Rs. 2650 crores by 2010
• Engineering and manufacturing facilities to be set up for Gasoline Systems, Electronic Control Units, and ABS systems between 2008-2009
• Names of all Bosch companies in the country to be standardized
• Establishment of Bosch India Foundation in 2008

Mumbai, 06 December, 2007 - Bosch continues to grow in India. Sales of the Bosch Group in India will increase by about 20 percent in 2007, to nearly Rs. 4700 crores. Including exports, sales of the Bosch Group companies in India will be more than Rs.5700 crores.

“India’s dynamic growth is clearly reflected in our company’s performance,” said Dr. Bernd Bohr, member of the Bosch Board of Management and Chairman of the Automotive Group, at a press conference in Mumbai, today. Bosch is also generating employment simultaneously. At the beginning of 2008, the Bosch Group workforce in India will be more than 18,000 associates, which is ten percent more than in the current year.

“Our response to India’s strong economic growth and increasing motorization is to expand local development and manufacturing,” Bohr continued. “Our main focus here is on technologies for environmental protection and accident prevention.” From 2005 to 2008, the company will have invested more than Rs 1800 crores in the country, and an additional Rs 850 crores are to be invested by 2010. Apart from the expansion of common rail diesel production, this money will also be invested in the manufacturing of gasoline systems components from 2008. Moreover, it is planned to start local ABS production at the end of 2008, and the production of electronic control units in 2009.

In the future, Bosch will continue to enhance its commitment to India through its local companies. Accordingly, the Board of Directors of the Bosch subsidiary, Motor Industries Company Ltd. (Mico), where Bosch holds nearly 70 percent stake; resolved on December 6, 2007, to change the company’s name from Motor Industries Co Ltd. to Bosch Limited. The change in the company’s name is subject to the approval of the shareholders and Registrar of Companies.

In addition, the Board of Directors of Mico has also resolved a change in the company’s management team. Dr. Albert Hieronimus, who has headed Mico for the last four years as Managing Director, will become Chairman of the Board of Management of Bosch Rexroth AG from 1 February 2008. At the same time, Dr. Hieronimus will take over as the Chairman of the Board of Directors of Mico from the outgoing Chairman Mr. Hubert Zimmerer.

Mr. V K Viswanathan, Joint Managing Director of Mico and a member of the Board of Directors, will take over as the new Managing Director of the company from February 1, 2008.

On the same date, Dr. Manfred Duernholz, Senior Vice President, Advanced Engineering in the Diesel Systems Division at Bosch, Germany, will join the Mico management team as Joint Managing Director and will be responsible for Product Area Power train.

Apart from standardizing its companies’ names, Bosch also intends to pool and strengthen its social activities in India. With this in mind, the Bosch India Foundation will be established in 2008. Its main brief will be to promote education, health, and charitable projects. “For us, India is more than just a dynamic sales market. Furthermore we have for a long time paid specific attention to social and ecological concerns,” said Bohr.

Safe, clean, and economical technologies for the Indian growth market

With the Auto Expo in New Delhi just a few weeks away, Bernd Bohr underlined howcrucially important it was that the country’s development should be sustainable. The rapid growth of automotive production in India, which is likely to double from its current 2.2 million to 4.4 million units by 2010, poses a great challenge for the country. “Bosch is supporting India’s rapid motorization with products and developments that further reduce fuel consumption and harmful emissions," Bohr said.

To comply with ever stricter emissions standards in India, which are following the lead set by Europe; Bosch offers both efficient gasoline injection systems and advanced common-rail systems. Bosch opened its first manufacturing facility for high-pressure common-rail pumps in 2006. Since August 2007, the company has also manufactured injectors for this injection system locally. This year, as many as 100,000 common-rail systems will be produced by Bosch in India. In 2010, this figure will already be as high as some 1.3 million, and it is expected that the two-million mark will be reached in 2013. Increasing volumes are also to be seen in all the other products Bosch manufactures in India. By 2010, 1.5 million starters and two million alternators will be manufactured in India, compared to around half a million of each in 2006. The projection for 2010 suggests 4.7 million Indian vehicles will be fitted with Bosch brakes – 1.6 million more than this year.

Alongside environmental protection, accident prevention is an urgent priority on Indian roads. To satisfy this need, Bosch is promoting advanced braking systems in India. In 2006, 76 percent of all new cars worldwide were fitted with the ABS anti-lock braking system, but only 8 percent in India. This figure is set to double by 2012. Bosch is preparing for this increase in demand, and plans to roll out ABS productionin the country at the end of 2008. “Over the long term, and providing there is a local market, we will launch innovations in India that go beyond ABS," Bernd Bohr says. These innovations include the ESP® electronic stability program. In addition to expanding its manufacturing capacity in India, Bosch is relying above all on the development know-how of its roughly 3,000 engineers in the country. Collaborating closely with other Bosch engineers around the world, they are also working on new technologies for low-price vehicles. Between now and 2015, annualsales of these cars will grow by six percent worldwide and 13 percent in India. For Bosch, the development focus here is above all on cost-efficient management systems for gasoline and diesel engines, but also on alternators and brakes. Bosch “Value Motronic” is one example. In this new management platform for gasoline engines, intelligent software is the key to providing maximum functionality at minimum cost. In the area of low-price vehicle equipment, Bosch aims to generate global sales of a good one billion euros by 2010.

A strong local presence beyond automotive technology
It is not only in automotive technology that the Bosch Group has a strong presence in India. Mico, soon to be renamed Bosch Limited, is the market leader for both power tools and video surveillance systems. Bosch Rexroth India is a leading supplier for the mechanical engineering and power engineering industries. Bosch Rexroth hydraulic systems are already fitted in more than 20 dams and some 1,350 wind turbines across India. “In this way, Bosch is supporting India’s sustainable development with safe, clean, and economical products – and this not only in the automotive technology sector,” Bohr said.

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 and voting rights 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 & 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.bosch.com