Bosch India invests US$400 million to develop diesel engine business
Dow Jones reported that the global parts supplier Bosch (Bosch) India Branch No. 4 January statement, over the next two years, Bosch will invest $ 400 million in India, in response to rising demand for diesel in India market. Bosch India Branch said in a statement: “At present, the demand for the diesel engine market in India is continuously rising. Compared with gasoline engines, diesel engines can save 30% of the fuel. In addition, common-rail technology can reduce the emission of pollutants from diesel engines. It is entirely possible for diesel engines to meet emission standards."
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Bosch also revealed that a quarter of this investment will be spent on technology research and development.
India is Bosch 's third largest market after China and Japan. In 2009, Bosch India's sales amounted to 68 billion rupees (US$1.4 billion), which is 5% higher than the same period of 2008 and accounts for 5% of Bosch's global sales.
Bernd Bohr, chairman of Bosch Group , revealed to the media that as of 2017, Bosch India’s sales accounted for 7% to 9% of Bosch’s global sales.
