Bosch has announced a ‘INR300 crore’ (US$56.4m) spend for its Nasik plant in India and will add over 400 workers this year.
The increase in investment and staff follows rising diesel injection equipment demand with production of common rail injection systems up 60% and of nozzle holders by 20%. Lower prices of diesel versus petrol have fuelled demand for diesel vehicles in India.
Go deeper with GlobalData
The Nasik plant space will increase 35,000 sq m with funds also allocated for a new office building to accommodate 140.
“Our commitment to Nasik is undisputed,” said Bosch Nasik plant commercial vice president Gopikuma.
“We are playing a very important role in contributing towards meeting market demand of the Bosch Group in India.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
