German component major Bosch has announced plans to invest Rs 2,200 crore in 2012 and 2013 in India. This was stated by Bernd Bohr, chairman of the Automotive Group at the Auto Expo. He also added that this amount will be spent over two years on capacity augmentation, diversification and new technology development. A substantial portion will go to expand local operations. Expansion plans are already underway at Bosch’s Nashik, Jaipur and Ahmedabad facilities.
At Nashik, increased demand has resulted in production volumes of nozzles going up from 17,000 units per day to 26,500 units a day. The investment of Rs 2,200 crore is being funded internally and through surplus generated from the India business. At present, Bosch has a 7-8 million capacity for conventional injectors and 2.5-3 million capacities for common-rail injectors. The company is also exporting common-rail injectors to Korea.
In 2011, the Bosch Group’s sales in India are expected to touch Rs 11,000 crore, which is a 30 percent year-on-year growth.