MUMBAI: German auto component maker Robert Bosch is expanding the manufacturing capacity of critical components for diesel vehicles by 30-50% to cash-in on the growing demand of diesel vehicles in India.
The group said a significant part of the Rs 1,000 crore of investment lined up for 2012 will go into creating diesel engine component capacity.
"We have seen a very significant increase in demand for diesel cars," V K Viswanathan, Managing Director Bosch Ltd and president Bosch Group India, told ET. "The share of diesel cars has gone up from 32-33% to more than 40% and we may see that increasing to 45-50% in the next few years. We had anticipated this much earlier and we are gearing up to meet that demand."
The company has expanded production capacity of classical nozzle holder from 17,000 a day to 26,500, common rail injectors from 6,000 to 9,000 and DSLA nozzle from 18,000 to 30,500 a day. All these are key components of diesel vehicles produced in India.
Bosch has also expanded the production space at its plants in Nashik in Maharashtra and Jaipur in Rajasthan.
Bosch has 85% share of the diesel injection system market in the country. More than 60% of diesel-run vehicles in India use engine components from the Stuttgart-based company.
Viswanathan said he expects the vehicle market in India to remain sluggish in the first half of 2012, but the expected rates cuts from the Reserve Bank, a normal monsoon and launch of new car models will spur demand in the second half.
"We are cautiously optimistic about the year as a whole. Replicating 2011 growth (of 21%) in 2012 looks difficult. But you can't write off the industry. If the second half really takes off, we will see close to that kind of growth levels," Viswanathan said.
The group said a significant part of the Rs 1,000 crore of investment lined up for 2012 will go into creating diesel engine component capacity.
"We have seen a very significant increase in demand for diesel cars," V K Viswanathan, Managing Director Bosch Ltd and president Bosch Group India, told ET. "The share of diesel cars has gone up from 32-33% to more than 40% and we may see that increasing to 45-50% in the next few years. We had anticipated this much earlier and we are gearing up to meet that demand."
The company has expanded production capacity of classical nozzle holder from 17,000 a day to 26,500, common rail injectors from 6,000 to 9,000 and DSLA nozzle from 18,000 to 30,500 a day. All these are key components of diesel vehicles produced in India.
Bosch has also expanded the production space at its plants in Nashik in Maharashtra and Jaipur in Rajasthan.
Bosch has 85% share of the diesel injection system market in the country. More than 60% of diesel-run vehicles in India use engine components from the Stuttgart-based company.
Viswanathan said he expects the vehicle market in India to remain sluggish in the first half of 2012, but the expected rates cuts from the Reserve Bank, a normal monsoon and launch of new car models will spur demand in the second half.
"We are cautiously optimistic about the year as a whole. Replicating 2011 growth (of 21%) in 2012 looks difficult. But you can't write off the industry. If the second half really takes off, we will see close to that kind of growth levels," Viswanathan said.
In additional News :
Bosch Stall Inaugurated at the Indo-German Pavilion in Mumbai
The Bosch stall was inaugurated today at the Indo-German Pavilion in Mumbai today at Cross Maidan by Mr. VK Viswanathan, Managing Director Bosch Limited and President Bosch Group India. The mobile exhibition commemorating collaborative celebration titled “Germany and India 2011-2012: Infinite Opportunities” will cover the cities of Mumbai, Bangalore, Chennai, Delhi and Pune.
The Bosch stall at the Pavilion will showcase solutions from Bosch “for the cities of the future”. The solutions Bosch has worked on innovations that have made technology cleaner, safer and more comfortable. Today, nearly 300,000 Bosch associates across the world are carrying on this tradition through pioneering work across core business segments, and looking forward to a brighter future driven by innovation. Some of the innovations highlighted at the exhibition will include E-Mobility – emission free mobility for future, Renewable Energies – Emission free energy supply from renewable energies, Energy Solutions – Technologies for safer, cleaner and more efficient energy supply, Safety and Security – Safeguarding public and private spaces better and Power Tools – Working on innovations that will build the cities of tomorrow.
Commenting on the occasion, Mr. VK Viswanathan, Managing Director, Bosch Limited said “We are proud to be a part of such a historical milestone for India and Germany. The event will help us showcase the path breaking solutions we have been working on for cities of both countries.”
The Indo-German Pavilion is the centrepiece of the year of Germany in India. The exhibition has a set of modern multi-purpose exhibitions, designed especially for the purpose by renowned German artist Markus Heinsdorff. The concept behind this exhibition space combines design elements from both countries with state-of-the-art textile technology, thereby creating a symbiosis of art, architecture and technology.
Spread over a period of 10 months, the Indo-German Urban Mela will travel to Bangalore, Chennai, New Delhi and Pune after the inaugural exhibition at Mumbai.
Bosch is one of the manufacturer of finest and good quality automotive parts.It's a great initiative to step up in diesel engine market.I want to give you some information about Maruti.
ReplyDeleteMaruti Suzuki India has rolled out its much awaited MPV Maruti Ertiga in six variant on 12th April.It is said to be competing neck-to-neck with the segment best selling cars Toyota Innova and Mahindra Xylo.Maruti Ertiga price ranges from Rs. 5.89 lakh to Rs. 8.45 lakh (ex-showroom Delhi).