It was towards the end of 2017
that Bosch had successfully completed its sale of its subsidiary SEG Automotive
Germany GmbH, the former Robert Bosch Starter Motors Generators Holding GmbH,
together with all subsidiaries, to the purchaser consortium ZMJ (Zhengzhou Coal
Mining Machinery Group Co., Ltd.) in Zhengzhou, China and CRCI (China
Renaissance Capital Investment) in Hong Kong, China. From January 1, 2018 the former division became
an independent company.
The local division in India is
now SEG Automotive India. The new name is testimony to over a century of
history in the development and production of starter motors and generators as
well as a future-oriented focus on e-mobility. SEG Automotive India is an
integral part of the global growth and production strategy.
ZMJ, the new owner, already
operates in the automotive supply sector via various subsidiaries. For starter
motors and generators, as well as in its capacity as a manufacturer of engine
components for commercial vehicles and passenger cars, ZMJ is a major Chinese
automotive supplier. Bosch had signed a sales agreement with ZMJ and CRCI in
Anil Kumar M R, Managing
Director, SEG Automotive India says: "The name is new, but SEG Automotive
is committed to continuity, especially in terms of location strategy and our
employees. Their many years of experience in the company, competence and
commitment contribute significantly to our success. In the future our locations
in India will play an even more important role in the worldwide SEG Automotive
business, and continue to be an attractive employer in India. We strongly
collaborate with our customers to remain as the preferred partner in the
SEG Automotive operates from 16
locations in the most important automobile markets in the world and has over
Reise Moto, a division of Mahansaria Group, announced the launch of their premium two-wheeler tyre brand ‘Reise’ in India.
In the future, Continental will offer Advanced Driver Assistance Systems (ADAS) solutions based on the “CV3”artificial intelligence (AI) system-on-chip (SoC) family from semiconductor company Ambarell...
Post a successful foray into the auto tech segment with the launch of the Smart Dashcam, Qubo, Hero Electronix’s consumer technology brand is expanding the portfolio with their latest Dashcam Pro 4K.