• Slowdown in auto sector impacts the company’s topline and bottomline

Bangalore, April 30, 2008: Bosch Limited (formerly Motor Industries Co Ltd.); the flagship of the Bosch Group in India, has registered a growth of 12% for the quarter Jan-March, 2008, inspite of slowdown in Auto sector.

The company generated net sales of Rs. 12,015 million in Q1 2008 Jan - March, registering a growth of 12.3% over Jan-March, 07. But the Profit Before Tax of the company was down 9.8% at Rs. 2,315 million in Q1, 08 compared to Rs. 2,566 million of Q1, 07. The Profit After Tax stood at Rs. 1,617 million, down 12% compared to Q1, 07.

The Earnings Per Share has also come down. For the Q1, 08 it stood at Rs. 50.5 per share compared to Rs. 57.3 per share in Q1, 07.

The company termed the results as below expectations but hopes that as a result of Union budget measures to certain sectors of the auto industry, automotive market will pick up in the coming quarters leading to higher sales for the company.

About Bosch Group
The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal year 2007, some 272,000 associates generated sales of 46.1 billion euros. 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 is the foundation for further growth. Bosch spends more than three billion euros each year for research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.”

About Bosch in India:
In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions.

The Bosch Group operates in India through four companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited and Robert Bosch Engineering and Business Solutions Limited. Bosch Limited is the flagship company of Bosch Group in India and operates in Automotive Technology, Industrial Technology and Consumer goods & Building Technology business sectors.

In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to 11 manufacturing sites and 4 development centres employing some 18000 associates and generating a consolidated revenue of over Rs. 5700 crores in 2007.

Additional information can be accessed at www.boschindia.com and www.bosch.com

Press Contacts:
Sanjay Chakravarty ; Phone : + 91 80 2299 2218
Rana Mathew ; Phone : + 91 80 2299 9780