May 3: Bosch has announced an investment of Rs 300 crore in 2012. This is part of the Rs 2,200 crore Investment for the entire Bosch Group in India that was announced at the Auto Expo in January.
The funds will go towards significant capacity expansion, increase in production space along with increase in employee strength. In the wake of improved diesel injection equipment demand, Bosch Nashik plant has invested substantially in enhancing capacity.
While production of common-rail injection systems has gone up by 60 percent, that of nozzle holders of has risen by 20 percent. The Nashik plant is investing in enhancing production space to 35,000 square metres to meet the expansion plan.
Apart from production space, funds have also been allocated for a new office building. This office is expected to accommodate 140 persons. In terms of headcount; 2012 will see the recruitment of over 400 persons in different areas of work.
Meanwhile, the Bosch Group has developed an affordable ABS system for motorcycles. The company is expected to launch the product in India next year.