CorporateInnovation

Bosch Group to integrate breakthrough mobility services and AI in India

Additional investment of 17000 million rupees over the coming three years in India

The Bosch Group sees strong signs of recovery in the Indian market and forecasts a positive development over the mid-term: “The Indian economy is on the rise again and holds tremendous potential”, says Dr Volkmar Denner, the chairman of the board of management of the Bosch Group during his visit to India. In 2017, the leading global technology and services company posted strong double-digit growth as sales went up of 15.4 percent to 2.2 billion euros. With a projected 7.7 percent GDP-growth for the Indian economy in 2018 and a similar level for the coming years, Bosch expects to continue with its momentum. Main contributors are the development of the local automotive industry, which holds opportunities for Diesel technology, electromobility and connected mobility as well as the government initiatives for connected manufacturing and connected cities. “To meet the rising demand in the Indian market with tailored solutions and expand India’s strong role in our global network, we will invest 17,000 million rupees (220 million euros) over the next three years”, announced Denner. A major share of this will be used to expand Bosch’s smart campus in Adugodi and modernize manufacturing facilities in the country.

New business division Connected Mobility …

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