Bosch to invest over Rs 1,000 cr in localisation of advanced auto tech in 5 years

Being a market leader in the powertrain, Bosch said it is convinced of a technology-neutral approach with regards to powertrain, be it gasoline, diesel or electrification.

New Delhi: Technology and services supplier Bosch, which has completed 100 years of its presence in the Indian market, has said it will invest more than Rs 1,000 crore in the localisation of advanced automotive technologies over the next five years.

Besides, the company also launched its mobility marketplace to provide its mobility-related assets under one platform.

Bosch opened its first sales agency in Kolkata in 1922. It currently has 18 manufacturing sites and seven development and application centres, employing close to 31,500 associates.