Bosch cautious about India outlook
Given the uncertain economic environment and the unpredictability in the international supply chain, Bosch is cautious.
Automotive ancillary supplier Bosch is in wait-and-watch mode in India with a host of uncertainties to grapple with.
According to Soumitra Bhattacharya, MD, Bosch and President of the Bosch Group (India), the second wave of the pandemic has proved to be a challenge for automakers and prompted them to cut production or suspend operations.
"Given the uncertain economic environment, the impending third wave of Covid and unpredictability in the international supply chain, we would like to maintain a cautious business outlook for the rest of the fiscal," he added.
Bosch posted revenue of Rs 2,444 crore for the first quarter of FY2022 while profit before tax was Rs 335 crore in Q1.
RELATED ARTICLES
Rane Group chairman L Ganesh to retire, Harish Lakshman to take over from April 2024
After 18 years as chairman of the Chennai-based auto component major, L Ganesh to hand over the baton to vice-chairman H...
Ashok Leyland ties up with autonomous driving tech startup Minus Zero
The initial focus of this collaboration will be on developing tailored autonomous trucking solutions for ports, factory ...
SGS India lab gets JLR certification for electromagnetic compatibility testing
State-of-the-art laboratory at Chakan, Pune has become JLR’s first third-party independent laboratory in India and gives...