Business Standard

Bosch opens Rs 340-cr worth factory in Bengaluru

The factory will be manufacturing pumps for diesel engines

BS Reporter Bengaluru
Bosch, the German auto technology firm opened a Rs 340-crore worth factory on Thursday to make pumps for diesel engines in Bengaluru.

"India is a key pillar of our growth strategy in Asia Pacific. A strong local presence is the basis for further growth in the region", said Mr. Peter Tyroller, the member of the board of management of the Bosch Group responsible for Asia Pacific. "Bosch is on track to double sales in Asia Pacific by 2020".

The plant, the 14th of Bosch was inaugurated by Karnataka chief minister Siddaramaiah, the company said in a statement.

"We see a lot of growth potential in India and strive to bring more projects, products and manufacturing to the country also in the future, " said Dr. Steffen Berns, president of Bosch in India and managing director of Bosch Limited. "Our growth in India is closely interwoven with the relationship we share with the State of Karnataka and we look forward to enriching this partnership," he added.

 

 

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 27 2015 | 8:20 PM IST

Explore News