Prime Minister Narendra Modi on Thursday virtually inaugurated Bosch India's first smart campus in Bengaluru built at a cost of Rs 800 crore
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
Auto components major Bosch Ltd on Thursday reported a 27.28 per cent decline in consolidated net profit at Rs 350.5 crore in the fourth quarter ended March 2022 dragged down by higher expenses. The company had posted a consolidated net profit of Rs 482 crore in the same period previous fiscal, Bosch Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 3,311 crore as against Rs 3,215.9 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 2,972.2 crore as compared to Rs 2,693 crore a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 1,217 crore. It stood at Rs 480.7 crore in the previous fiscal, the company said. Bosch said its consolidated revenue from operations in FY22 was at Rs 11,781.6 crore in comparison to Rs 9,716.2 crore in FY21. The company said its board of directors recommended a dividend of Rs 110 per equity share of Rs 10 each
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The campus is likely to house the second-highest number of Bosch employees in the world
In another two and a half to three years, Bosch will have 2,500 lesser associates, says MD Bhattacharya
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The company reported a 27 per cent fall in turnover, driven by the mobility segment that fell 31 per cent over the year-ago quarter
In August, the company had announced that it will temporarily stop production at its two plants separately during the month for a total of 13 days to "avoid unnecessary build-up of inventory"
Total income during the second quarter stood at Rs 33.40 billion
Bosch India, a leading supplier of technology and services for industries, including mobility products, is expecting some of its systems and solutions for electric two-wheelers to be implemented in India by next year. The company is working with various original equipment makers (OEMs) to offer its electric vehicle (EV) and connected vehicle solutions."We are in collaboration with various Indian OEMs, both for two-wheelers and passenger cars, to discuss what is possible. It is always the decision of the OEM on when to launch the product. For the two-wheeler side, we will see this in the course of 2018 to 2019," said Jan-Oliver Roehrl, chief technology officer at Bosch India.Bosch works with two-wheeler makers on battery management systems, hub motors used for acceleration and engine management systems. It considers itself a system and solutions provider, not a mere component provider. The company says it will do for EVs what it did for decades in the Internal Combustion Engine world ..
The BSE-listed Bosch Ltd clocked a record profit of Rs 1,741 crore in FY17
Interview of Steffen Berns, president and managing director, Bosch India
Our smart solutions can help Indian factories increase productivity and improve operational efficiency of the mining sector, says Steffen Berns
The company said it sees important growth potential in India