Global component major Bosch Ltd claims that as Indian auto and other companies prefer to forge their own paths and trajectories, they want to become part of this growth journey.
At its annual media briefing on Thursday, Bosch’s top leadership said India remains a large and steadily growing market, and one of the few globally to have sustained growth last year, with expectations of continued expansion.
Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, remarked that the Indian market wants to forge its own path with local strategies and trajectories. It is visible in the numbers of sales done by the local OEMs. "We are happy to help them," he noted.
The remarks comes on the background of Bosch Limited and Tata AutoComp Systems Limited had in mid-March announcing plans to establish a 50:50 joint venture in India to manufacture and supply e-axles and electric traction motors, strengthening their presence in the country’s growing e-mobility market. Operations are expected to commence by mid-2026, subject to regulatory clearances. The JV will focus on engineering, manufacturing, sales and after-sales services of eAxle systems and electric motors, with scope to expand into other product segments as decided by its board. The companies said the JV is expected to support localisation, scale up EV component manufacturing, and strengthen India’s e-mobility supply chain.
Bosch Limited reported revenue of Rs 18,087 crore in FY2024-25, while Tata AutoComp Systems reported Rs3,959 crore in the same period, Autocar Professional previously reported.