Bosch earmarks ₹960 crore for R&D and capex.

Engineering and technology major Bosch has allocated ₹480 crore for research and development (R&D) and an additional ₹480 crore for capital expenditure (capex) this year, President and MD, Guruprasad Mudlapur, said during the annual report launch.

The investment will be allocated to various categories, including advanced technology such as manufacturing and future core products. “Over the next decade, India presents immense growth potential in the areas of innovation, technology, quality and manufacturing depth,” he explained.

Based on its robust performance in the previous quarters, the company is optimistic about the future. It anticipates achieving a double-digit growth rate of 15 per cent for the current year, driven by significant increases in volumes, content, and premiumisation.

HBL