Feb 8: German Multinational Bosch is widening the opportunity horizon for 10,000 more engineers, as its research and development centre in India is aiming at futuristic technologies. Despite India’s contribution of mere 3% to the company’s total revenue, the country has strategically become important for the company both as a technology workshop and as a market. Currently, Bosch operates its second biggest R&D centre in India, employing more than 18,000 engineers at the Bengaluru office.
Bosch Group India president Soumitra Bhattacharya has been quoted by news reports as saying that the company will invest an amount between Rs 500 crore and Rs 800 crore in the coming years to expand local operations in India.
In tune with the rising trends, Bosch is also researching on energy efficient batteries. Bhattacharya said the decision is yet to be taken on whether the company will produce its own batteries or whether it would outsource them. The company currently draws a mighty revenue from conventional internal combustion engines.
According to Bosch it is unlikely that EVs would surpass internal combustion engines in energy efficiency. At variance to the popular predictions, the company is of the opinion that by 2030 only 10% of the vehicles would be of pure EV technology. Implementation of the Bharat Stage VI emission rules in 2020 and the RDE (Real time Driving Emission) norms later will help India substantially improve on emission standards.