Bosch Group, the German automotive parts maker, plans to invest Rs2,500 crore in its India operations by 2013 for capacity expansion, business portfolio diversification and research & development.
Of this investment amount, Bosch Ltd - its flagship company in India — would utiliseRs1,300 crore.
The company is setting up a new electrical drives manufacturing unit in Chennai by 2012, which will see Bosch Electrical Drives India that now employs 200 people adding 350 more over three years.
AboutRs37 crore would be spent for the plant which would be built on an area of 9,000 sq metres and increase localisation of production.
Bosch also announced its plans to set up a greenfield plant at Sanand near Ahmedabad by end of 2012 at an investment of Rs150 crore.
The company said more plants are in the pipeline with Nashik, Maharashtra, being one of the most important destinations.
Also, Bosch India plans to increase its headcount to 28,000 by 2013 from 22,000.
“Till December 2010, our headcount was 21,500, which increased to 22,500 by May 2011. So in six months we have already added 1,000 more — a testimony to the growth we are witnessing,” said Bernd Bohr, member board of management—Robert Bosch GmbH and chairman of the automotive group.
Bohr said India has become a major destination for most companies as China has reached a saturation point.
“With a turnover ofRs9,270 crore, the Bosch Group in India has seen 36% growth in 2010 over the past year. We hope to continue our growth by equipping ourselves to cater to the growing needs of the Indian market,” he said.
Bosch is also taking up software engineering and support for global ‘power train electronics’ development for gasoline and diesel engines along with hybrid and electric vehicles in India.
The project looks into the global challenges of carbon dioxide emission reduction in power train electronics and Bosch would employ over 800 engineers in Bangalore and Coimbatore
for it. (With agencies)
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