Technology and services supplier Bosch, which has completed 100 years of its presence in the Indian market, has said it will invest more than Rs 1,000 crore in the localisation of advanced automotive technologies over the next five years.
Besides, the company also launched its mobility marketplace to provide its mobility-related assets under one platform.
Bosch opened its first sales agency in Kolkata in 1922. It currently has 18 manufacturing sites and seven development and application centres, employing close to 31,500 associates.
The company will continue to invest heavily in India to expand its portfolio close to seven per cent of total net sales.
Backed by the biggest R&D team outside Germany – Bosch’s Beyond Mobility business works to the highest international standards of manufacturing, product, and service quality to formulate indigenous, affordable, and India-specific innovations, the company said.
Over the next five years, Bosch India will invest more than Rs 1,000 crore in the localisation of advanced automotive technologies, and in this way support Atmanirbhar Bharat, the vision of making India self-reliant, it said.
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