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Business Economy


Bosch to invest Rs 1700 Cr in India over next three years: Denner

Bengaluru, June 20 (UNI) Bosch Group CEO will invest Rs 1700 Crore in India over the next three years with a major investment going into expansion of its smart Campus in the City besides modernisation of factories across the country.
Group Chairman Volkmar Denner, who is currently on a visit to India, told newsmen here on Wednesday that the strong signs of recovery of Indian market and positive development over the mid term held tremendous potential for the Country.
He said “To meet the rising demand in the Indian market with tailored solutions and expand India’s strong role in our global network, we will invest Rs 1700 Crore (220 million Euros) over the next three years”. Nearly Rs 600 Crore would be spent on the Smart Campus at Audugodi where already Rs 200 Crore had been spent, he added.
Replying to a question on electric vehicle, he said the Indian government's milestone of 100 per cent electric vehicles on the road by 2031 is to short a period. Enormous work need to be carried out on enhancing grid capacity and also to provide massive charging points that is required. The best way for India, he said was to introduce electric scooters initially and later on go in for connected mobility such as large fleet services. He said concerted efforts were being made to reduce the cost of Electric vehicles. substantial work has been carried out on power trains and motors, but the main thing to be done was on battery
He said India planned to achieve BS-VI implementation from April 2020 and adopt electromobility solutions built for Indian conditions. Bosch offered the right technology to support both initiatives. The company believes that the ICE (Internal Combustion Engine) will continue to be the mainstream solution for freight and commercial vehicles. However, a key role here will be played by Bosch India’s electrification initiatives, to address the transformation in urban mobility. Keeping in mind the country’s climate change targets, Bosch views the co-existence of fossil fuel engines and electrification with hybridization as an interim solution.
Hybrid technology will be a vital contributor towards the electrification goal in India due to the nation’s unique stop-start driving patterns and road congestion. In light of that, fleet operators and smaller vehicles are poised to adopt electrification as soon as feasible options are available in the market. Bosch experts believe that the use of synthetic fuels as a scheduled supplement to electrification will play a vital role to reduce CO2 emission.
He said another field of growth in India’s thriving automotive industry is the rising demand for connected mobility. Bosch continues to drive forward its transformation into a provider of mobility services. The company recently established a Connected Mobility Solutions division to develop and sell digital mobility services. “Connectivity will fundamentally change how we get from A to B, and in the process it will help to solve today’s traffic problems. We are using it to realize our vision of emissions-free, stress-free, and accident-free mobility,” said Volkmar Denner.
In India, the new business division will work to develop a global telematics platform that will be enabled and operated by local engineering talent. This platform will help Bosch to better serve its customer base in India with effective solutions designed for effective mobility. The key offerings will include vehicle sharing, ridesharing, and connectivity-based services for car drivers he added.
He said Bosch attaches significant importance to its Indian contribution in Research and development to its global network as more and more innovations were coming out of the country into the world. ''India also plays a significant role when it comes to Artificial Intelligence (AI)'' he said adding “most of the products in the near future will be linked to artificial intelligence. These products will either possess that intelligence themselves, or AI will play a key role in their development or manufacture.” Last year the company invested 300 million euros into its Bosch Centrer for Artificial intelligence (BCAI) across three continents, including one of the main locations in Bengaluru. Bosch in India has also partnered with IIT-Madras and set up a Robert Bosch Centre for Data Science and Artificial Intelligence at IIT- M with a fund of 4 crore per year for 5 years. It will set a precedent in the way big-data is used to improve our problem-solving capability in the industry. At the same time, the collaboration will result in shared outcomes for the benefit of society.
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