Bosch Automotive
AUTO INDUSTRY
Bosch Automotive Electronics India receives approval on M-SIPS proposal
Proposed investment of Rs.550 crores under the scheme First to submit the application in January 2013 Investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines Aims at meeting the future local and exports demands of the growing Automotive Electronics industry
Bosch Automotive Electronics India Private Limited, a 100% subsidiary of the Bosch Group in India, announced receiving approval on the investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines under the Modified Special Incentive Scheme (M-SIPS). Mr. Kapil Sibal, Honourable Minister for Communication & IT and Law, handed over the approval order to Dr. Markus Hildenbrand, Managing Director, Bosch Automotive Electronics India Private Limited at E-Governance Hall DeitY, in New Delhi.
Bosch Automotive Electronics India Private Limited, a 100% subsidiary of the Bosch Group in India, announced receiving approval on the investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines under the Modified Special Incentive Scheme (M-SIPS). Mr. Kapil Sibal, Honourable Minister for Communication & IT and Law, handed over the approval order to Dr. Markus Hildenbrand, Managing Director, Bosch Automotive Electronics India Private Limited at E-Governance Hall DeitY, in New Delhi.
With this planned investment of around Rs. 550 crores over the next 3-5 years, Bosch continues to be strongly committed to India. Expressing his pleasure on receiving the approval, Dr. Hildenbrand said, “India is a fast developing market for Automotive Electronics. With our world class manufacturing and software capabilities Bosch will continue to use its global expertise and experience to extend the local operations in India.This support from government bolsters our confidence and strengthens the efforts to provide customized solutions for the Indian market. The dedication of the Government of India to launch the MSIPS program brings to light the huge potential we have in meeting the local demand and exports requirement.”
Commenting on this development, Dr. Steffen Berns, President, Bosch Group-India, said, “I am extremely delighted and express my sincere gratitude to the Government of India in extending this scheme to support the Electronics industry. Electronics manufacturing is at a nascent stage in India and this support will enable the industry to meet the dynamic and modern requirements, especially in the automotive domain”. Adding further, he said “Increasing demand by Indian consumers for vehicles with technologically advanced Engine Management as well as Safety Systems are the main drivers of growth for the Automotive Electronics market. We will continue to invest in this growing market and provide products of international standards, specifically tailored to the Indian requirements.” In January 2013, at a round table chaired by Mr. Kapil Sibal, to understand the requirement of the industry, Bosch Automotive Electronics India was the first to submit its application of Rs. 550 crores under this scheme.
Commenting on this development, Dr. Steffen Berns, President, Bosch Group-India, said, “I am extremely delighted and express my sincere gratitude to the Government of India in extending this scheme to support the Electronics industry. Electronics manufacturing is at a nascent stage in India and this support will enable the industry to meet the dynamic and modern requirements, especially in the automotive domain”. Adding further, he said “Increasing demand by Indian consumers for vehicles with technologically advanced Engine Management as well as Safety Systems are the main drivers of growth for the Automotive Electronics market. We will continue to invest in this growing market and provide products of international standards, specifically tailored to the Indian requirements.” In January 2013, at a round table chaired by Mr. Kapil Sibal, to understand the requirement of the industry, Bosch Automotive Electronics India was the first to submit its application of Rs. 550 crores under this scheme.
Strengthening manufacturing base and continued commitment to India Bosch has continuously been investing and expanding its manufacturing locations in India. In April 2013, Bosch Automotive Electronics India inaugurated phase II of its existing hanger at the Naganathapura Plant, Bangalore. With its world class infrastructure, Bosch Automotive Electronics India will look forward to becoming a major export hub especially in the Asia Pacific region. Currently, products such as engine ECUs and body parts manufactured in India are exported to the ASEAN region.
About Bosch Automotive Electronics India Private Limited Bosch Automotive Electronics India Private Limited (RBAI), a 100% subsidiary of the Bosch Group in India started its operation in 2008 with the inauguration of its manufacturing plant at Naganathapura, Bangalore. The company manufactures Electronic Control Units (ECU) for diesel and gasoline fuel injection systems, to cater to both the domestic and international OE customers directly, as well as, via the Diesel Systems and Gasoline Systems division. In addition, RBAI also manufactures Body Electronics such as Immobilizers and Body Control Modules. In April 2013, RBAI inaugurated Phase II of its existing hangar at its plant in Naganathapura to meet the growing demands of the market.
About Bosch Automotive Electronics India Private Limited Bosch Automotive Electronics India Private Limited (RBAI), a 100% subsidiary of the Bosch Group in India started its operation in 2008 with the inauguration of its manufacturing plant at Naganathapura, Bangalore. The company manufactures Electronic Control Units (ECU) for diesel and gasoline fuel injection systems, to cater to both the domestic and international OE customers directly, as well as, via the Diesel Systems and Gasoline Systems division. In addition, RBAI also manufactures Body Electronics such as Immobilizers and Body Control Modules. In April 2013, RBAI inaugurated Phase II of its existing hangar at its plant in Naganathapura to meet the growing demands of the market.
About Bosch
The Bosch Group is a leading global supplier of technology and services. In 2012, its roughly 306,000 associates generated sales of 52.5 billion euros. Since the beginning of 2013, its operations have been divided into four business sectors: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology.
The Bosch Group comprises Robert Bosch GmbH and its roughly 360 subsidiaries and regional companies in some 50 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent some 4.8 billion euros for research and development in 2012, and applied for nearly 4,800 patents worldwide. The Bosch Group’s products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is “Invented for life.”
The Bosch Group is a leading global supplier of technology and services. In 2012, its roughly 306,000 associates generated sales of 52.5 billion euros. Since the beginning of 2013, its operations have been divided into four business sectors: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology.
The Bosch Group comprises Robert Bosch GmbH and its roughly 360 subsidiaries and regional companies in some 50 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent some 4.8 billion euros for research and development in 2012, and applied for nearly 4,800 patents worldwide. The Bosch Group’s products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is “Invented for life.”
The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH. Further information is available online at www.bosch.com and www.bosch- press.com
About Bosch in India
In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through six companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd, Bosch Electrical Drives India Pvt Ltd. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to include 10 manufacturing sites and 7 development and application centers Bosch Group in India employs over 26,000 associates. In India it generated consolidated revenue of nearly Rs.12,900 crores in 2012. In India Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over Rs. 8400 crores in 2012.
Additional information can be accessed at www.boschindia.com
In India, Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology. Additionally, Bosch also has in India, the largest development centre, outside Germany, for end to end engineering and technology solutions. The Bosch Group operates in India through six companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd, Bosch Electrical Drives India Pvt Ltd. In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to include 10 manufacturing sites and 7 development and application centers Bosch Group in India employs over 26,000 associates. In India it generated consolidated revenue of nearly Rs.12,900 crores in 2012. In India Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over Rs. 8400 crores in 2012.
Additional information can be accessed at www.boschindia.com
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