Bosch India is planning to spend US$400m in 2012-13 to focus on fuel economy and safety technologies and expand its local facilities.
The amount will increase to $550m over the next three years in view of the expected 11% growth in automotive production in India this year in contrast to global growth of 3% to 5%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Most of the money will go into expanding capacity at the Nasik and Bangaluru plants.
“Production capacity of common rail injectors will be hiked from 2.5m to 3.5m and conventional rail injector capacity will rise from 7.5m to 8m at Nasik,” VK Viswanathan, managing director, Bosch India, told just-auto in New Delhi.
Bosch is currently building a new electrical drives plant in Chennai which will begin operations this year. Expansion at its Jaipur and Ahmedabad factories is also under way.
Bosch group sales in India are expected to reach $2.2bn in fiscal 2011, that’s about 20% year-on-year growth.
Bosch is also on a hiring spree in India. It added 4,000 workers in 2011, taking the tally to 25,000 and plans a further rise to 32,000 by the end of 2013.
Product exports from India passed the US$200m mark in 2011.
“Export growth from India will continue to be in double digits in 2012,” said Viswanathan.
