Bosch Group, a global supplier of technology and services, plans to invest euro 1 billion in fuel-cell technology from 2021 to 2024.
Fuel cells convert hydrogen into electricity, and Bosch is developing both stationary and mobile fuel-cell solutions.
The company will make an upfront investment of 5 billion euros in electromobility with an euro 700 million investment in 2021 alone.
In India, Bosch has made significant investments in electrification and local solution development in three broad categories, said Guruprasad Mudlapur, chief technology officer, Bosch.
“We are developing battery systems and electric mobility solutions in the lower voltage category of 48 volts for two and three-wheelers. Bosch is a leading player in the high voltage segment
of passenger cars and for trucks and buses, Bosch is investing in electrification as well as hydrogen and fuel cell technology,” said Mudlapur.
“While we have successfully managed the transition from BS-IV to BS-VI, next challenge will be transitioning to TREM 4 and 5, adoption of CAFE norms phase 2 and BS VI stage 2,” said Soumitra Bhattacharya, managing director, Bosch Ltd, and president of Bosch India.
Despite 2020-21 being challenging with a sales wipeout for two months, the company posted a total revenue from operations of Rs 9,718 crore — only a marginal decline of 1.3 per cent compared with the previous fiscal.
Profit before tax of the company before exceptional items declined 19.9 per cent to Rs 1,311 crore.
