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Bosch India to Invest USD270 Million for Localizing Advanced Auto Tech

Bosch India to Invest USD270 Million for Localizing Advanced Auto Tech

Recently, Bosch launched a digital marketplace to offer its mobility-related assets under one platform to improve utilization and efficiency elements across the ecosystem.  

India: Celebrating 100 years of presence in the Indian market, Bosch has planned to invest USD270 million (INR 2000 crores) over the next five years to promote the localization of advanced automotive technologies. This move supports PM Narendra Modi's vision of making India self-reliant, providing technologies for economical, sustainable, and convenient mobility experiences in the country. The company will continue to make huge investments in India and increase employment opportunities for young people through government intervention and active partnerships with educational institutions. Additionally, Bosch has been taking progressive steps to establish itself as a market leader in the software-dominated future of mobility, integrating its expertise in automotive, electronics, and software.

As per Bosch estimates, everyone in the third vehicle in India will be electrically powered. Thus, the internal combustion engine (ICE) will be become an essential part of the powertrain mix, especially in commercial vehicles and off-highway segments. Being a global leader in electric powertrain solutions, Bosch provides more than one technology to make electric mobility more sustainable.

Bosch India is an AIoT company that leverages artificial intelligence, the Internet of Things, automation, and digitalization to develop smart, efficient, secure, and sustainable products. The company aims to expand its localization share by more than 10% by 2025, expanding its portfolio of digital assets from APIs to data to end-to-end solutions, services, and hardware involved in the complete automotive life cycle.

On the recent development, Soumitra Bhattacharya, managing director of Bosch Ltd and president of the Bosch Group India, said, "Bosch's 100-year journey in India is a testament to the passion, hard work, and dedication of our associates. I sincerely thank our associates for the part they have played in this." He further added, "We will continue to pursue this vision for a digital, sustainable, efficient, self-reliant, and future-ready India."

Commenting on the growing number of investments by industry players to boost electrification in India, TechSci Research's Director, Karan Chechi, said, “The electric vehicle industry is growing at a significant rate with more startups and auto companies introducing innovative technologies and models. Besides, increased government policies supporting battery-powered vehicles, improving charging infrastructure, and federal subsidies favoring deep discounts for Indian-made vehicles are pushing market players to pump more investments in the electric mobility shift.”

According to TechSci Research report on “India Electric Vehicle Market By Vehicle (Passenger Cars, Commercial Vehicles, Two- and Three-wheelers), By Vehicle Class (Mid-priced & Luxury), By Propulsion (BEV, PHEV & FCEV), By EV Sales (OEMs/Models), By End User (Shared mobility providers, Government organizations, Personal Users, Others), By Company, By Region, Forecast & Opportunities, FY2027”, India electric vehicle market is anticipated to grow at a formidable rate during the forecast period, owing to factors like advancing IT infrastructure, innovations in automotive industry, and push from the government.

According to another TechSci Research report on India Electrical Materials Market By Type (Circuit Breakers, Light Switches, Plugs & Sockets, Voltage Switcher, Cable Management, Cable Duct, Electrical Conduit, Others), By End User (Industrial, Commercial, Residential), By Region, Competition, Forecast & Opportunities, FY2026”, India electrical materials market is anticipated to grow at a CAGR of 17.88% during the forecast period. The growth can be attributed to the rapid growth of population and rise in construction activities.  

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