Bosch Electrical Drives India Private Ltd., a joint venture with Igarashi Motors India Pvt. Ltd, is setting up a plant at Chennai in Tamil Nadu to produce wiper systems, engine cooling fan modules, HVAC blowers and window lift drives products. The company will invest Rs. 370 million to set up the plant, which is expected to be functional by end of 2012. Bosch Electrical Drives India at present employs 200 persons. With opening of the new plant, it is expected that nearly 350 more people will be recruited over a period of 3 years.
To be built on a total area of 9,000 Sq. m with an investment of Rs. 370 million and equipped with state of the art technology the plant will aim at increased localisation of production. This facility will cater to the growing needs of the domestic market. Setting up of the plant is slated to be a significant milestone for Bosch Electrical Drives India that initiated its operations in Chennai from a leased location in 2008.
"This is a milestone event not just for the electrical drives business division of Bosch in India, but a milestone from the global perspective too. With Asian economies witnessing spectacular growth and 'China & India' at the helm of affairs, we see huge opportunity and scope for Bosch to contribute to some significant and path breaking developments here," said Wolf-Henning Scheider, Member of Board of Management, Robert Bosch GmbH.
"A strong focus on diversification and plans by other Bosch companies to initiate operations in India are some of the steps in direction of being a part of this intriguing growth story. The promising growth witnessed in the Indian automobile market and augmented demand from developed markets has translated into good business and growth for Bosch in India. We continue to strive towards catering to market needs with the best in the industry," he added.
Celebrating its 120th Anniversary, Royal Enfield announced the launch of a new range of limited edition helmets earlier this week. The limited range will consist of hand painted helmets designed by ar...
Sony India has introduced the new XAV-AX8100 in-car media receiver, offering new utility features, powerful sound and smart features.
ExxonMobil Lubricants Pvt Ltd launched its upgraded Mobil Super Moto range of engine oils to make it easier for people to maintain their two-wheelers in top condition. The launch comes at a time when...
In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility
talks about his company plans to enter the two and four wheeler electric vehicle space.
Motown India speaks to Woosuk Leem, Managing Director, AS Parts Division, Mobis India to get more details about the Hyundai Mobility Membership App and its advantages.
Vishal Mathur, Senior Vice President, LMD Truck Business – VECV elaborates upon VECV’s Light & Medium Duty (LMD) business in India, the company’s product offering and the several advantages offered by...