Bosch to invest ₹2,000 cr in India in next five years
The Hindu
Bosch reports 26.3% growth in net profit to ₹235 cr in Q3
Bosch Limited, the supplier of technology and services, said it would invest a total of ₹2,000 crore in India, in the next five years, in addition to ₹8,000 crore it already pumped in the country over the past decade.
The company would invest ₹1,000 crore towards the localisation of advanced automotive technologies while an equal amount of investment would be made in building digital platforms like Mobility Marketplace and Mobility Cloud Platform, it said on February 9.
“We will continue our contribution by investing over ₹1,000 crore for the localisation of advanced automotive technologies in the next five years. We will also invest an additional ₹1,000 crore towards expanding digital platforms,” said Soumitra Bhattacharya, managing director, Bosch Limited and president, Bosch Group in India.
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