German auto components giant Bosch today inaugurated its sixth manufacturing plant in India in Tamil Nadu.
The plant, which has come up at Gangaikondan, will facilitate the company's Gasoline Systems business to further localise manufacturing and increase cost-competitiveness.
"It is important for our Gasoline Systems business division to have a strong manufacturing foot-print in an important and growing market like India," Bosch Ltd Managing Director Steffen Berns said.
The extended local production capabilities in this new location will help Gasoline Systems to further grow its market share with a competitive product portfolio, he added.
The plant has come up with an investment of around Rs 50 crore and is spread across 6,500 sq mts of built up area.
"The new plant is an important part of Bosch's strategy to enter the competitive two-wheeler market in India with electronic fuel injection systems," Bosch Regional President Gasoline Systems, Sandeep N said.
The facility will produce power train sensors, fuel delivery modules and air management components for automotive and two-wheeler systems, he added.
Prior to the inauguration of this new manufacturing facility, Gasoline Systems division shared the Bosch Naganathapura manufacturing facility for its local production.
Bosch scrip closed at Rs 21,698.90, up 0.20 per cent, on the BSE.
