June 21: Bosch Group is readying up an investment of Rs 1700 crore in India, where its products are experiencing a rising demand. The plan for additional investment in India was revealed by Volkmar Denner, chairman, board of management, Robert Bosch GmbH.
The scale of investment is huge, considering that Bosch had previously invested only around Rs370 crore over the past three years. From the current investment of Rs 1700 crore, Bosch will earmark a major share for expansion of the company’s smart campus that’s located in Adugodi, Bengaluru. Alongside, focus will also be given for modernisation of manufacturing facilities in the country.
The demand for Bosch’s technology and services in the automobile and mobility sectors is undergoing a positive curve. Bosch’s supply of funds comes on this very backdrop. Indian automobile market is currently the fourth-largest in the world, and according to Denner, there has been a big increase in the demand for connected mobility.
According to reports quoting Denner, the internal combustion engine will remain the mainstream solution for freight and commercial vehicles. However, the company will simultaneously look into transforming the urban mobility by giving it a push with its electrification initiatives.
Bosch’s commitment to green initiatives also encompasses the plans to better its combustion engines. The company is considering hybridization as an interim solution that would let both fuel engines and electric ones to co-exist.
Denner also spoke about the company’s plan for integrating AI to a greater extent in the future. According to him, AI could also play a greater role in the development and manufacturing process apart from being included in products.