Bosch to invest Rs 1,000 crore

Auto parts major Bosch is planning to invest around Rs 1,000 crore on a yearly basis for the next few years on plant and machinery, including the transition from BS-IV to BS-VI emission standards.

Speaking to BusinessLine, Bosch Ltd Managing Director Soumitra Bhattacharya said that production of some of the mechanical products will be reduced because of the transition. He also said around 3,000 will be hired this fiscal.

“For instance, the line pump which we produce here are important for tractor makers, while for buses and trucks, it is not. The tractor production peaked at 6.9 lakh units in 2013 and it is still at around 6 lakh units which is not a small volume,” he was quoted as saying.

It is to be noted that the government has announced its plans to skip BS-V norms and has asked the industry to comply with BS-VI emission norms by 2020.

Image Credit : images.financialexpress.com

Research Desk

Next Post

Freyr Energy to raise funds for fuel expansion

Fri Apr 21 , 2017
Hyderabad-based startup Freyr Energy is planning to raise funds to fuel its expansion and next phase of growth covering opex model projects. The Hyderabad-based start up has grown rapidly over the past two years by raising about Rs 10 crore so far and is now looking at raising up to […]
Freyr Energy to raise funds for fuel expansion

Categories

Blog Stats