- The Company was Incorporated on 12th November, in Chennai and
shifted to Bangalore on 16th November, 1953. The main objects of the
company are to manufacture spark pluge for petrol engines and fuel
injection equipment for diesel engines in technical and financial
collaboration with Robert Bosch GmbH, West Germany.Trade Mark is
- Except for a 16 day strike at the Nasik factory towards the end of
year which continued for a few days in January 1984, the industrial
relations contributed to the improved working. The market situation
improved during the first half of 1985. However there was a
slackening of demand in the second half, especially in the last
quarter, due to poor monsoons and recession in the commercial vehicle
- Another class of Redeemable preference shares was also introduced
Right issues were made in August 1952, August 1953 and November
- In March 1959, 25,000 No. of equity shares were issued to Robert
Bosch, West Germany. In March, 1962, 30,000 Right equity shares
issued at a prem. of Rs.10 per share in the prop. 1:5.
- In January, 45,000 bonus equity shares issued in the prop. 1:4.
- In February, 1966, 45,000 right equity shares issued at a prem. of
Rs.10 per share in the prop. 1:5. In September, 1966, 90,000 bonus
equity shares issued in the prop. 1:3. In October, 1966, further
15,000 right equity shares issued at a prem. of Rs.10 per share in
the prop. 1:24.
- In January, the Mysore Branch of the Central Bank of India Ltd.,
offered for sale - 2,000 No. of equity shares of the company at a
prem. of Rs.70 per share in order to comply with the listing
requirements of the stock Exchange, Mumbai.
- At the time of incorporation, the company had 3 classes of shares
viz., `A' ordinary, `B' Ordinary and preference.
- 3,75,000 bonus equity shares issued in the prop. 1:1.
- 95,588 No. of equity shares issued at Rs.175 per share of which
48,000 shares issued to Financial Institutions against conversion of
loan from them and 47,588 No. of equity issued as right shares to
members other than Robert Bosch GmbH in the prop. of 3:20, - Rs.40
(Rs.25 on capital account and Rs.15 as share prem.) was called up.
Further calls payable were Rs.50 (Rs.25 on capital account and Rs.25
as share prem.) (31st August 1974), Rs.50 (Rs.25 on capital account
and Rs.25 as share prem.) (30th December, 1974), Rs.35 (Rs.25 on
account and Rs.10 share prem. (30th August 1975).
- 4,22,794 bonus shares issued in prop. 1:2.
- A letter of intent was received for an expansion of manufacturing
- 6,34,191 bonus equity shares issued in prop. 1:2.
- A letter of intent for diversification into auto electricals was
received and approval for the import of capital goods was also
- Sales turnover registered only 7.3% growth due to recessionary
trend. Both commercial vehicle and tractor production dropped.
- 19,02,573 bonus equity shares were issued in prop. 1:1.
- Under the modernisation programme, the company added a number of
new machines both at the Bangalore and Nasik factories. Also a
fourth generation on-line computer facility was installed at the
- The Government of India approved the enhancement of the licenced
capacity of multicylinder pumps and nozzle holders to 2,65,500 nos.
and 24,80,000 nos. respectively.
- A letter of intent was received for the manufacture of additional
165,000 elements and 215,000 delivery valves for meeting export
- Also, a letter of intent was received for the manufacture of
additional 120,00,000 each of elements and delivery valves to cater
to spares market.
- The Company was awarded the status of Trading House.
- Improvement in communication facilities had been effected through
modernisation of telephone and telex equipment.
- A `Cold Start' facility enabling testing of engine at temperature
as low as -20oc was added to the unit. The Centre was appointed as a
Bosch Global Development Centre with the global responsibility for
design and development of small single cylinder pumps for the entire
Bosch Group. The centre had already developed a new type of
single-cylinder pump for vehicular and stationery applications.
- The market for single-cylinder pump remained sluggish due to
shortage of pig iron, credit squeeze etc.
- Approvals were received to increase production of fuel injection
equipment and parts thereof, for spark plugs at Naganathapura and
Nozzle at Nasik factory.
- Technical collaboration agreements were entered into for the
manufacture of fine horning machines and super finishing machines.
- Sales of the original equipment were adversely affected due to
recessionary trends in the automobile sector.
- The Company introduced certain new items such as halogen bulbs,
ignition cells, horns, voltage regulators, cluth plates and clutch
cover assemblies for the automobile sector.
- A technical collaboration agreement was entered into with Witzig
and Frank Turnatic GmbH for the mechanical machining systems.
- Another agreement was entered into with Robert Bosch GmbH, West
Germany for the manufacture of bag form fill and sealing machines It
was also planned to manufacture portable electric power tools with
technical collaboration from Robert Bosch GmbH.
- The Company was awarded the ISO 9001 certification by the
Technischer Ueberwachungs-Verein, Germany.
- Sales, particularly in the commercial vehicle and the tractor
sectors were affected due to continued recessionary trends in the
- The Company introduced new automotive accessories such as
stop-and-tail lamps, fog lamps, new varieties of horns.
- In the All-India Skills Competition held by the Government of
India, the MICO Vocational Centre received the Best Establishment
Award for the 12th time.
- Motor Industries Software Services Ltd. (MISSL) and Motor
Industries Trading Ltd. (MITL), which became subsidiary companies
from 25th July.
- The Company has entered into a Memorandum of Understanding with the
Government of Rajasthan to set up facilities near Jaipur for the
manufacture of auto ancillaries/auto components including Fuel
- Dr. Wolfgang Hugo and Dr. Eberhard Baltin retired from the Board as
Director with effect from 17th June.
- Dr. Hermann Eisele whilst continuing on the Board, ceased to be
Chairman from 18th June, and Mr. Hubert Zimmerer was elected in his
stead. The Board acknowledges the contribution of Dr. Eisele as
Chairman and welcomes Mr. Zimmerer as Director and Chairman of the
- The Company launched the state-of-the-art Blaupunkt range of car
audio systems in June.
- All the three plants of the Company at Bangalore, Nashik and
Naganathapura have been awarded the QS 9000 certificate by TUV,
- Dr. H. Bertling was redesignated as Managing Director and Mr. J.L.
Pasricha and Mr. D. Schalomon were redesignated as Joint Managing
Directors with effect from 19th September.
- The Company has become a market leader for Electrical Power Tools
- In 1997 and 1998, three apprentices trained at the Nashik plant won
silver medals at the Regional Skills competition.
- The Company is proposed to revive the offer for buy back of up to
200,000 No. of equity shares at Rs. 4,200 per equity share.
- Dr. H. Eisele retired from the Board with effect from 24th June.
- The appointment of Mr. Nobis as Joint Managing Director from 17th
- Andreas Nobis has been appointed as the new Managing Director of
Motor Industries Co. Ltd. with effect from 1st July.
- Due to a deprecssion in the automobile sector, MICO is introducing
a five-day working week in its plant, with the drop in sales to
original equipment manufacturers.
- The Company has decided to introduce a five-day working week in its
Bangalore plant with immediate effect, due to low demand from its
customers in the tractor and commercial vehicle industry.
- Motor Industries Co. (MICO) has received the approval of
shareholders to buyback upto 2 lakh shares from the existing
- The Company has approved and recommended to shareholders for their
approval to buyback up to 2,00,000 No. of equity shares of the
company from existing shareholders on a proportionate basis through
Tender offer or from the open market aggregate not exceeding 5.55% of
the existing paid-up equity capital of the company to be financed out
of the free reserves of the company, at a maximum price not exceeding
Rs. 4000/- per equity shares such that the aggregate consideration for
the shares bought back do not exceed 25% of the capital and free
reserves of the company.
- M Lakshminaryan has been appointed as the new joint managing
director of Mico with effect from 1st October.
- The Company has fixed the price for buyback of equity shares of the
company at Rs. 3800/- per equity shares.
- MICO, the automotive ancillary company, has decided to suspend work
for five days from June 18. The company, in an official announcement
on June 13, said the adverse business situation and curtailment of
orders by customers had necessitated this step.
-Motor Industries Company Ltd., has postponed its investment worth
Rs.250cr because of delay in implementing Euro II emission norms in
-MICO has completed its buyback programme of 200,000 equity shares
for the total cost of Rs.50cr.
-MICO Launched India's first Bosch Car Services Workshop(BCSW) in
Delhi and has entered into car servicing business.
-Nearly 5% of MICO's workforce opted for an early voluntary
-Motor Industries Company Ltd has launched new range of products
consisting of in-car multimedia systems, the San Fransisco CD-70,
in-car MP3 player and velocity range of amplifiers,speakers and
-The Industrial Equipment Division, MICO-Bosch Division has developed
endurance testing equipment for Timken.
-MICO Ltd has informed BSE that the MICO Bangalore Plant will have a
5-day working week.
-MICO Board has appointed Dr.Albert Hieronimus as Additional Director
and Managing Director of the company.
-Mico Employees Association has gone on an indefinite strike for an
inconclusive talks with the management.
-Motor Industries Company Ltd has informed that Company's Spark Plug
manufacturing activitiy at Naganathapura works has been
-Bosch Security Systems launched Network Video Solutions, a Video
Solutions, a video surveillance system that allows remote monitoring
over IP (Internet Protocol) networks.
-Bosch rolls out new surveillance system
-Bosch begins assembling user-specific tools in Bangalore
-Bosch declared as best stall in Bangalore's IT.Com
- Bosch moves production of key products to MICO plants in India
-Mico launches 30 millionth PF pump
-MICO & Bosch form joint venture with MANN+HUMMEL for filter
-Overdrive–Auto Monitor Award – ‘Auto component manufacturer of the
-All new MICO products to bring under Bosch brand
-MICO-Bosch to provide CRDi systems to Suzuki
-MICO to launch CRDi in early 2007
-NDTV Profit Car India Award – ‘Safety & Technology Award’
-MICO receives star performer award EEPC Award – ‘Star Performer for
outstanding export performance’
-Bosch acquires 9.2pc more stake in Mico
-CNBC-TV18 Autocar Auto Award – ‘Auto Component manufacturer of the
-NDTV Profit Car & Bike Award 2007 – ‘Automotive Technology of the
- Company name has been changed from Motor Industries Company Ltd to
-Business Standard Award ‘Star MNC of the year’
-DHL - CNBC TV18 International Trade Award -Bosch won this honor in
the category of auto component industry, for doing extremely well in
exports through its low-cost solutions. The award recognizes the
company’s commitment and innovations that address the needs of the
Indian market, and keep Brand India alive.
-UTVi Autocar Award
Bosch and Mahindra & Mahindra won the ‘Best Innovation of the Year’
UTVi Autocar Award. The award recognizes Bosch innovation start/stop
system which contributes to fuel efficiency at a very reasonable
cost. The Mahindra Bolero Micro Hybrid is the first vehicle in India
to integrate this technology in their new car
-NDTV Car & Bike Award - ‘Automotive technology of the year’
This accolade recognizes the contributions made by Bosch in India,
for localizing ABS (Antilock Braking System) production. Bosch is the
only automotive supplier to manufacture ABS in India for passenger
cars and light commercial vehicles. ABS is crucial to safety while
driving, as it makes braking safer, by preventing the wheels from
-Bosch Wins “Car & Bike” Award 2011
-Bosch Limited wins Car & Bike Award 2012