Bosch Ltd, a flagship of Bosch Group of companies in India, said it will offer complete solution for the Indian automotive industry to shift from the current Bharat Stage IV (BS IV) emission norms to BS VI by 2020.
The Indian government has mandated the auto industry to adopt BS VI emission standards in the next three years to cut down air pollution levels caused by vehicles in the country. Bosch has been in the forefront in offering complete solutions in this space.
Addressing a press conference today at Bangalore, Jan-Oliver Roehrl, Executive Vice President (Engineering) and Regional President (Diesel Systems), Bosch Ltd, said around 450 engineers are working in India in developing customized solutions for the Indian automotive industry to shift from BS IV to BS VI. He has also said that adequate R&D spent has been earmarked for this purpose by the company.
Roehrl was addressing the media persons along with Soumitra Bhattacharya, MD, Bosch Ltd and President Bosch Group India, who was elaborating on Bosch Limited’s financial results for the year 2016-17.
Bhattacharya said the company has capability to provide complete solutions in BS VI segment. He referred LEFIS – Lean Electronic Fuel Injection System (LEFIS) as one solution in this segment offered by Bosch in India.
He also said the engineers are developing customized solutions for BS IV emission norms.
Elaborating on the financial year results, Bhattacharya said the company registered gross sales and income from operations of Rs 10,983 crore in the fiscal 2016-17, registering a year-on-year growth of 7.6 percent.
For the fiscal 2016-17, Bosch Limited’s Mobility Solutions sector grew by 5.9 percent.
The domestic business developed strongly and increased by 8.6 percent, outperforming the domestic automotive market that grew by 7 percent in the same period.
Within the Mobility Solutions business, the Gasoline Systems business registered a strong double-digit growth. The Two-wheeler business also performed well registering considerable growth mainly arising from domestic market.
Business beyond Mobility Solutions grew by 17.2 percent; growth was mainly registered in business units such as, Security Systems, ATMO, and Energy and Building Solutions businesses.
Bhattacharya said, “We continue to remain cautiously optimistic about the current financial year, while adopting necessary course correction. A progressive government focused on reforms, reducing interest rates, expectations of a normal monsoon and improved liquidity post re-monetization, substantiates our current outlook. These factors have also helped improve market sentiment.”
Additionally key reforms like Goods and Service Tax (GST), smart cities and stable political situation will contribute to moderate growth both in the automotive as well as non-automotive sector.
Adding further he mentioned, “The proposed roll out of GST by July 01, 2017 is expected to have a short-term disturbance, however, in the mid- and long-term it will help the growth story of India. Bosch India is well prepared for GST led by an excellent cross-functional team.”
On May 22, 2017 the management of Bosch Limited broke ground at Bidadi for the development of the second phase. Expected to be completed by mid of 2019, the second phase of Bidadi will have the capacity to accommodate around 2,500 associates. A powertrain plant, Bidadi will primarily manufacture new generation and conventional fuel injection products and components.
During the past 12 months, major investments were made towards development of new products and facilities in Bidadi and Nashik. Overall the company made capital investments of around INR 630 crores in 2016-17. “Bosch has consistently been investing in India, we will continue to make investments of the same nature for the current financial year.”