Bosch Ltd, the flagship company of Bosch Group, plans to open 230 multibrand Bosch Car Service (BCS) centres by 2010 across the country, taking the total number to 500.
Bosch Rexroth (India) Ltd, part of German automation firm Bosch Group, is expecting completion of its drives and control systems production facility in Sanand, Gujarat, by November or December this year, according to V K Viswanathan, managing director of Bosch Ltd.
Automotive technology major Bosch Ltd on Thursday said it may be 'compelled' to declare a lockout at its main manufacturing unit in Bengaluru, three days after it shut operations at Naganathpura plant.
The company's Bengaluru plant has a history of workers unrest and in September 2011, the plant was shut down temporarily following strike by workers.
Earlier this week, Bosch had said it would temporarily stop producing auto parts in India as part of its global working hours rationalisation programme due to the slowdown in international markets. The company is also closing down temporarily the manufacturing activities of starters and generators at its Naganathapura plant from December 19-31.
Shortages of chips will impact the car market
Bosch Ltd, a supplier of automotive components to original equipment makers, has reported 69.4 per cent drop in net profit to Rs 49.3 crore for its first quarter ended March 2009, compared with the corresponding quarter last year. Its net sales for the quarter dropped 20.6 per cent to Rs 991.6 crore.
After auto components major Bosch Ltd, Sundaram-Clayton, Hero MotoCorp now announce temporary production shut down
The company, which is facing strike at its Bengaluru plant, and had faced labour unrest at Jaipur plant, also said that such stirs could hurt India's competitiveness.
In a lawsuit filed through national plaintiffs' law firm Lieff Cabraser Heimann & Bernstein, LLP (Lieff Cabraser), Indian national Suraj Kamath on Wednesday charged that Bosch unjustly enriched itself by requiring all of its non-US citizens employees to pay to Bosch federal and state tax refunds the employees had received while working in the US.
Motor Industries Company Ltd, a subsidiary of the German auto ancillary giant Bosch, on Thursday said Bosch is keen on enhancing its presence in India and planning an investment of close to Rs 1000 crore (Rs 10 billion) in the country.
German component major Bosch on Monday said it is setting up a second R&D engineering centre in India where it hopes to hire 1,500 engineers over the next five years.
Bosch Rexroth (India) Ltd, a subsidiary of German automation giant Bosch Group, a drive and control solutions for industrial applications, has bought private land near the Tata Nano site in Sanand recently with plans to set up its second manufacturing unit in the state.
Company officials said they had initiated action against the Chinese exhibitor responsible, but refused to elaborate. It could not be confirmed if any case had been registered with the police or with any authority.
Albert Hieronimus tells Bibhu Ranjan Mishra and Pradeesh Chandran, he is optimistic.
German automotive firm Robert Bosch on Monday announced an investment of Rs 1,000 crore (Rs 10 billion) in the next four years in India and said it would develop common rail direct injection (CRDi) system in the country by 2006.
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
India's biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to chip shortage. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent. Owing to a supply constraint of electronic components due to semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt Ltd. (SMG) in Gujarat.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
United Breweries says sales could fall by 40% following court ban.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
After the takeover of Daewoo's truck division in South Korea, Tata group has changed its name to Tata Daewoo Commercial Vehicle Co Ltd and nominated Ravi Kant as chairman even as it introduced a heavy-duty truck model for the Korean market.
A quaint Indian idea called face value is putting high-performing companies out of the reach of retail investors, observes Debashis Basu.
It is mystifying how the NSE, a near-monopoly, gets protection, as the February 24 episode shows, when it is competition and accountability that should be the regulatory objective, says Debashis Basu.
While most brokers have upgraded their backend systems to trade, their front-end systems have not been upgraded. They are not compliant with Sebi's interop circular of November 2018 and no one seems to be either aware of this, nor has anything been done about it so far, explains Debashis Basu.
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Falling margins, high inflation pitting workers against management.
Chetan Bhagat turns entrepreneur by getting into the movie business with Half Girlfriend.
Gains were led by Tata Motors amid robust sales in June along with select financials.
An old consumer electronics warhorse looks to leverage its past.
Compared to their Indian peers, MNCs have higher return ratios.
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