Bosch group, the world’s largest supplier of automotive components said it will invest Rs 2,200 Crore ($400 mln) in India in the next two years to enhance safety technologies and expand its local facilities.
The company plans to build a new plant in Chennai, which will begin operations in 2012. Expansion plans are underway at the Bosch Nashik, Jaipur and Ahmedabad facilities as well. At Nashik, increased demand has resulted in Classical Nozzle Holder production volumes going up from 17,000 units a day to 26,500 units day.
On the technology front Bosch India are expected to assume worldwide responsibility in the area of software engineering support for electronic control units (ECUs). 800 engineers have been recruited in Bangalore and Coimbatore for this task.
At present, Bosch has 13 manufacturing sites and 4 development centers across the country.
In line with its growth strategy and expansion plans in the country, the company is also increasing the headcount to 32,000 associates by the end of 2013.
At this moment, the giant has 25,000 associates working for Bosch companies in India.
The German-based company expects vehicle production to grow by 10-12 per cent in India in 2012. In addition, its sales are expected to reach Rs 11,000 crore in 2011 in India.
Meanwhile, its global sales are likely to touch euro 50 billion, the company Chairman, Berd Bohr added.