Bosch India revenue to touch Rs 9,000 cr
Bosch India’s revenue for the year 2010 was expected to touch Rs 9,000 crore compared to Rs 6,000 achieved in the last fiscal, a company official said on Friday.
Bosch group, which operates in India through six companies plans to scale its investment from Rs 600 crore to Rs 750 crore every year in the next three years, Bosch India President and Bosch Ltd Managing Director V K Vishwanathan said. “During 2011, 2012 and 2013 we plan to invest about Rs 2300 crore” he said. Bosch files applications for at least 15 patents every day and investing about nine per cent of its total revenues on R&D initiative.
“Bangalore is one of our top research bases. About 7,000 engineers are working on cutting edge technology and energy projects”, he said. Bosch is contributing to the improvement of environmental standards introducing Euro III and IV technology, Vishwanathan said, but added “expansion of green technology is not contemplated from the existing level”.
Bosch also kickstarted its 125th year celebrations by unveiling the anniversary insignia.
