Bosch is ready for the future:
- Technological competence and major investments make Bosch the numero uno of the Indian auto component industry
- Bosch showcases pioneering future-ready technology at the 9th Auto Expo
- Engineering and manufacturing facilities to be set up for Gasoline Systems, Electronic Control Units and ABS systems between 2008-2009
- Commits additional Rs 850 crores for India to enhance total investment to Rs 2650 crores between 2005-2010.
New Delhi, January 10, 2008: Bosch showcases its pioneering technologies and future ready competence at the 9th Auto Expo. Bosch significantly dominates the exhibition with an impressive stall spanning nearly 1000 sq meters, the largest among participating auto component manufacturers, showcasing some of their finest technologies.
Bosch pavilion at the Auto Expo displays some of the latest technologies and products covering Diesel and Gasoline systems; Chassis and Brakes systems; latest in Blaupunkt car multimedia; Automotive Electronics, Starters & Generators and a whole range of Automotive accessories , Diagnostics andBosch Car Service.
Safe and Clean Technology for Indian market
To comply with strict 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 in India. Since August 2007, the company has been manufacturing common rail injectors locally. In 2007 Bosch made as many as 100,000 common-rail systems in India. In 2010, this figure will 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 currently.
The projection for 2010 suggests 4.7 million Indian vehicles will be fitted with Bosch brakes. 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 ABS, but only eight 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 production in the country at the end of 2008.
Bosch technology for low price vehicles
India is converting itself into a hub for low priced vehicles. Bosch wants to play an important role in this dynamic and growing market. Bosch engineers around the world are working on new technologies for low-price vehicles. Between now and 2015, annual sales 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.
Expansion Plans for India
Due to 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, a great challenge is posed for India. Bosch’ response to India’s strong economic growth and increasing motorization is to expand local development and manufacturing. 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.
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 andElectrical 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.boschindia.com