In an interview to CNBC-TV18, Bernd Bohr, chairman – automotive group of Bosch says the company is seeing growth in India. "As far as Bosch group in India is concerned, we are expecting 15% growth in sales. That is well above the average of the group worldwide," he adds.
The 28 billion euro Bosch Automotive Group is investing heavily on technology that will help reduce fuel costs and enhance safety. CNBC-TV18's Swati Khadelwal Jain reports from Boxberg, Germany on the new low cost technologies that will find there way soon to India.
The German company, which had cut its annual capex budget in India during last year's slump, has now hiked it back to Rs 800 crore per year for the next three years. This suggests that India will see an investment of Rs 2500 crore from Bosch by Dec 2013, reports CNBC-TV18’s Swati Khandelwal.