Mumbai, Feb 3 (FN Agency) Leading supplier of technology and services Bosch India plans to invest around Rs 2000 crore by FY2026 on localisation of advanced technologies and digital space. Addressing a virtual press meet, Stefan Hartung, Chairman of the Board of Management, said that enhancing the digital space and localisation of advanced automotive technologies were the two key investment areas for the company. The company plans to invest Rs 1000 crore each on these two segments by 2025-26. Hartung said the two areas which are most important where the company will invest heavily is the automotive space in the electric mobility segment and the second one is the digital space where it is looking at developing network-based and communications-based systems which enables interaction between vehicles and infrastructure, giving more services to people.
“We plan to invest Rs 1000 crore each on digital and on advanced technologies. India is leap frogging on advanced technologies and the PLI is one such area. We invest based on the government’s focus areas,” Soumitra Bhattacharya, Managing Director, Bosch, and President Bosch Group in India said. The company, which is celebrating its 100 years of operations in India, has invested over Rs 9000 crore in the last 10 years in advanced technologies and products and solutions. “Bosch’s 100-year journey in India is a testament to the passion, hard work, and dedication of our associates. I sincerely thank our associates for the part they have played in this. Bosch India will remain true to its roots and evolve, innovate, and spark the next wave of big-ticket products and services.
We will continue to pursue this vision for a digital, sustainable, efficient, self-reliant, and future-ready India,” Bhattacharya added. He further said the company estimates that by 2030, every third new vehicle in India will be an EV. At the same time, dependent on use case/customer strategy, the Internal Combustion Engine (ICE) could also be electrified with mild and strong hybrids. The ICE remains an important part of the power train mix especially in commercial vehicles and off highway segments. “Bosch supports government vision to reduce road accidents by over 50 percent by 2025. Bosch’s expertise in assisted and automated mobility ranges across passenger and commercial vehicle driver assistance with India-specific object identification technology, motorcycle safety and rider assistance, and braking and occupant safety (4W and 2W),” the company said. Bosch India has invested Rs 380 crore over the last 10 years and an additional Rs 238 crore is planned over the next 5 years in safety domain. When asked about the current shortage of semiconductors, Markus Heyn, Chairman of the mobility solutions business sector said, “Being the largest supplier of electronic systems, we have to deal with this issue together with our customers.