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Rediff.com  » Business » Mico eyes Maruti, Tatas for CRDi systems

Mico eyes Maruti, Tatas for CRDi systems

Source: PTI
June 13, 2005 13:25 IST
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As German automotive component giant Bosch prepares to manufacture common rail diesel injection systems in India from 2006, the company is eyeing big ticket orders in the passenger car market, targeting the Tatas as well as Maruti, which is coming up with its diesel engine plant at Gurgaon.

"We are talking to all the companies," Albert Hieronimus, head of Bosch's Indian subsidiary Mico, said.  He said the diesel market share in Indian automobiles was going up, which made the company bullish on the prospects of CRDi and its existing fuel injection equipments.

"Today, diesel accounts for about 50-51 per cent share of the total four-wheeler sales in India. While it is 100 per cent in commercial vehicles, in multi-utility and sports-utility vehicles the figure is around 80 per cent.

"In passenger cars, where diesel is around 20 per cent now, we feel there will be growth in the coming years," Hieronimus said.

The chief of the Indian unit, where Bosch holds about 60 per cent, said he expected the diesel share in cars to almost double to 40 per cent "in the next few years".

"The fastest-growing segment is the mid-size segment. In the compact car segment, we expect to sell our existing systems as well as CRDi, which will certainly become cost-effective as and when local manufacturing commences," he said.

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