Bosch to invest 100 million euros in India in 2016

Bosch to invest 100 million euros in India in 2016
  •  Asia Pacific head Peter Tyroller: “Indian market offers immense growth opportunities for Bosch”
  • 2011-2015: Bosch invested more than 680 million euros in India
  •  Dual education offered by Bosch in Bangalore for 55 years now
  •  Bosch offers many software-related jobs in India

Dynamic growth in India: forecast economic growth of around 7.5 percent in 2016 as well as reforms and other government programs make the country a global growth driver. This momentum is also benefiting Bosch, the leading global supplier of technology and services. “Our business in India developed very well in the first quarter of 2016,” said Peter Tyroller, member of the board of management of the Bosch Group responsible for Asia Pacific, at the 60th annual meeting of the Indo-German Chamber of Commerce in Düsseldorf. In 2015, the company increased its sales in the Indian market to 1.7 billion euros – double-digit growth of 11 percent in local currency and more than 25 percent in euro terms. “For the years ahead as well, we see immense growth opportunities in India. This is why we plan to invest more than 100 million euros in India in 2016,” Tyroller added. Some of this amount will be invested in the company’s manufacturing plants for automotive components in Bidadi and Nashik, as well as in expanding the research center in Bangalore. Over the past five years alone, Bosch has invested more than 680 million euros in India. now  it has 15 manufacturing plants across the country.

the Indian automotive market in particular continues to offer great potential for Bosch. “The business with gasoline injection systems and automotive aftermarket components grew significantly last year,” Tyroller said. In 2015, Bosch was also able to achieve double-digit growth rates with security systems, packaging machinery, and energy-efficient technology for buildings. The company also sees  opportunities in India’s booming two-wheeler market. And over the long term, the government’s “Make in India” initiative, which aims to advance industrialization in the country and modernize production, will offer more and more opportunities in the area of connectivity. Bosch is already a leading global provider and user of connected industry, with Industry 4.0 solutions also being applied at its Indian manufacturing facilities.

Pioneer of dual education in India
The high demand for qualified workers in India was one of the topics discussed during the annual meeting of the Indo-German Chamber of Commerce. In India, Bosch has been offering dual education based on the German model for 55 years now – with training now being provided in nine trades. “Our commitment to developing talent is part of our localization success story in India. It is also the basis for business growth in this dynamic region,” Tyroller said. Since it was founded in 1961, the Bosch Vocational Center in Bangalore has trained over 2,500 apprentices. With more than 30,000 associates across India, Bosch is one of the most important employers in the country.

A major provider of software-related jobs
Bosch’s largest development center outside Germany is also in India. At two locations in southern India, Bangalore and Coimbatore, it employs over 14,000 research and development associates. One of their areas of focus is developing software solutions for the internet of things. Bosch is increasingly becoming a major provider of software-related jobs, also in India. In the current year, the company plans to recruit an additional 3,500 university graduates in the country.

Tags: BOSCH India