Sales growth of 4 per cent for the second-largest listed auto parts player by market capitalisation came from the mobility segment
Auto components maker Bosch on Tuesday said its consolidated profit after tax rose 14 per cent to Rs 466 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax of Rs 409 crore in the April-June quarter of last fiscal. Total income rose to Rs 4,496 crore for the period under review as compared with Rs 4,346 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "The financial year commenced with moderate growth in the automotive market despite the challenges of a high base from the previous year, a slowdown related to elections and the summer heatwaves," Bosch Ltd Managing Director Guruprasad Mudlapur said. Continued demand in the passenger car segment, coupled with growth in production and wholesale, resulted in growth for the company in the first quarter, he added. "However, retail sales have remained sluggish leading to a rise in the pipeline inventory. Despite the challenges, the overall sentiment in the automotive sector rema
German multinational firm Bosch is considering a multi-billion-dollar acquisition of American white goods manufacturer Whirlpool
Bosch's net profit rose 41.5 per cent on a year-on-year (Y-o-Y) basis to Rs 564 crore, from Rs 399 crore in the same quarter a year ago (Q4FY23)
Bosch Q4 FY24 results: The board recommended a final dividend of Rs 170 per equity share of Rs 10 each. The final dividend, if declared, will be paid on or after August 13, 2024
As of May 13, 2024, India's weight in the MSCI Emerging Market Index stood at around 18 per cent, a considerable rise from approximately 8 per cent in early 2020
While localisation efforts and margin improvement are medium-term positives, the immediate trigger is the healthy Q3 show
The company's net profit rose year-on-year to Rs 518 crore ($62.4 million) in the three months to Dec 31
Indian automakers saw higher demand for passenger and commercial vehicles during the quarter as well as easing semiconductor chip shortage, which helped boost volumes
Rising income levels and an increased focus on value-driven factors are driving growth in the categories of scooters, premium motorcycles, and SUVs
Auto components major Bosch has reported a 14 per cent increase in its consolidated net profit at Rs 399 crore for the fourth quarter ended March 2023. The company posted a net profit of Rs 350 crore in the January-March quarter of 2021-22. Its revenue from operations rose to Rs 4,063 crore in the fourth quarter against Rs 3,311 crore in the year-ago period, Bosch Ltd said in a late-night regulatory filing on Wednesday. For the year ended March 2023, the company posted a consolidated net profit of Rs 1,424 crore as against Rs 1,217 crore in FY22. The revenue from operations increased to Rs 14,929 crore in FY23 from Rs 11,781 crore in FY22. "2022 was a historic year as we celebrated 100 years of Bosch in India and at the same time it was a year replete with challenges in the market. Despite all odds, we concluded the year with strong performance and positive revenue growth," Bosch Ltd Managing Director Soumitra Bhattacharya said. This was primarily fuelled by the solid recovery i
The world's biggest auto-parts supplier plans to retool and modernize TSI's Roseville site with a target to start producing silicon carbide chips there from 2026, Bosch said Wednesday
Strong volume growth in its core segments of M&HCV/tractors should help keep the sales trajectory elevated
Auto components major Bosch Ltd on Wednesday announced leadership changes with Guruprasad Mudlapur appointed as its Managing Director, and President of the Bosch Group in India with effect from July 1, 2023. He will succeed Soumitra Bhattacharya who will be retiring from Bosch India effective June 30, 2023, after 28 years of service in various capacities, the company said in a regulatory filing. Further, Bosch said from July 1, 2023, Sandeep Nelamangala, currently, Executive Director at Bosch Ltd and Executive Vice-President, Mobility Solutions at Bosch India, will be appointed as Joint Managing Director of Bosch Ltd. Mudlapur will be responsible for the strategic growth and overall performance of the business in the region. At the same time, he will continue to be chief technology officer for Bosch Ltd, it added. He has more than 15 years of experience in the Bosch Group and has held various positions in engineering and business management. Most recently, he was joint managing ...
Bosch Ltd, the Indian unit of German automotive supplier Bosch, on Tuesday warned of a "challenging 2023" amid growing fears of recession, after reporting a 36% jump in third-quarter profit.
Bosch will invest over Rs 200 crore in India in the next five years in advanced automotive technologies and digital mobility space
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Inaugurating the Bosch Smart Campus, Prime Minister Narendra Modi said that this campus will take lead in developing futuristic products and solutions for India and for the world
Prime Minister Narendra Modi on Thursday virtually inaugurated the new 'smart' campus of Bosch India, a leading supplier of technology and services in Bengaluru.Speaking at the inauguration ceremony, PM Modi said, "It is a special year for both India and Bosch India, as the nation celebrates 75 years of Independence and Bosch celebrates a century of its presence in India. Bosch came to India as a German company about 100 years ago and now it is as much Indian as German. This is a great example of German engineering and Indian energy."The Prime Minister highlighted the importance of the Bosch Smart Campus in the development of futuristic products and solutions for India and the world."This campus will take lead in developing futuristic products and solutions for India and for the world. I urge Bosch to think of doing more in India and set goals for the next 25 years," he added.Meanwhile, Karnataka Chief Minister Basavaraj Bommai, the chief guest at the ceremony, applauded the work done