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.
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