Bosch Limited posted a total revenue from operations of Rs 3,109 crore in the December quarter, an increase of 2.6 per cent. The increase is largely attributed to growth in aftermarket business given that the overall automotive market production in India (excluding two-wheelers) declined by 12 per cent.
Profit before tax stood at Rs 336 crore, 10.8 per cent of total revenue from operations, while profit after tax stood at Rs 235 crore.
Bosch is celebrating its 100th anniversary in India as the company opened its first sales agency in Calcutta in 1922. “Over the past decade, we have invested more than Rs 8,000 crore in India,” said Soumitra Bhattacharya, managing director of Bosch Limited and president of the Bosch Group in India.
“Further we will make an investment of over Rs 1,000 crore for the localisation of advanced automotive technologies in the next five years. An additional Rs 1,000 crore will be put into expanding digital platforms like mobility marketplace and mobility cloud platform.” Bhattacharya added.
