German technology giant Bosch is boosting its beyond mobility business with smart solutions based on growing infrastructure and consumer demand.
“Our business is in a process of profound transformation from a hardware focus to models that focus more on services and data. We have the capability to develop greenfield technology that can power industries in a new-age manner,” said Soumitra Bhattacharya, Managing Director, Bosch Limited and President, Bosch Group, India at Beyond Mobility 2.0, a biennial flagship event on Tuesday.
The company showcased connected products and solutions beyond what is present in the mobility space.
Over the last few years, beyond mobility solutions have gained 35% and have contributed greatly to the Bosch Group’s turnover. Bosch’s initiatives in India are leading it into new verticals with digital solutions in the core. Be it connected industry, energy efficiency, smart home or other areas, Bosch is continuously growing due to successful collaboration of its cross-divisional teams, engineering heritage and a strong presence in the Indian market, the company said.
“The key to success will be a partnership with local players to drive connectivity forward and a localised strategy to meet consumer demand,” added Bhattacharya.
Bosch is providing connected solutions, and is also becoming a Hardware Plus company, by offering personalised home appliances and digital services to suit the requirements of every Indian household. Bosch Home Appliances will invest €100 million over the next three to four years into personalised solutions, brand building, strengthening its technology centre, and setting up a robust refrigerator factory to bring its best-in-class German technology to India. With localised offerings in the household appliances area, Bosch is transforming itself into a Hardware Plus company.
Industry 4.0
A key component of Bosch’s beyond mobility offerings is Industry 4.0 technologies. Bosch is building smart factories with a focus on automation, digitalisation, AI and IoT that are boosting productivity, quality and safety. Bosch is gaining increased relevance by implementing robotics and automation solutions that augment its smart manufacturing and connected industry solutions in the country.