Bosch bets big on Hungary, steps up development activities

Bosch is stepping up its development activities in Hungary. On August 7, 2015, the component and services company opened its new Mobility Solutions development centre in Budapest.

The site has nearly 1,300 engineers – twice as many as four years ago – who develop electronics and components for driver assistance and engine control systems. After Germany, Bosch employs the greatest number of researchers and developers for the Mobility Solutions business sector within Europe in Hungary. Since 2011, around 100 million euros (Rs  764 crore) have gone towards expanding the 50,000 square metres of the Budapest site, where the company opened its new Hungarian HQ two years ago.

Over the past decade, Bosch has invested nearly one billion euros (Rs 7,644 crore) in Hungary and considerably expanded its local presence. With its ongoing investments, the international supplier of technology and services is highlighting the growing importance of the country as a development and production site within the global Bosch network. “We aim to strengthen our innovativeness both locally and globally with these investments,” said Dirk Hoheisel, member of the Bosch board of management, at the official opening.

Bosch has been present in Hungary since 1899. In 2014, it generated sales there of nearly 2.7 billion euros (Rs 20,638 crore), which includes deliveries to other Bosch companies. The company is represented in Hungary with its four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Bosch employs 10,500 associates in Hungary, approximately 1,500 of whom are researchers and developers. The company has a total of five Hungarian production sites, where it manufactures automotive technology, e-bike components, industrial technology, and power tools.