Bosch to invest Rs. 600 cr in 2014.

Bosch Limited, the Bangalore-based manufacturer of automotive components to original equipment makers (OEMs), has planned a capital expenditure of Rs. 600 crore during 2014, an increase of 20 per cent over the previous year. In 2013, the company had spent Rs. 500 crore.The company will spend the amount towards the construction of its new manufacturing facility at Bidadi, about 35 kms from Bangalore and expansion of other facilities in the country, said Steffen Berns, Managing Director, Bosch Limited.

'India continues to play a key role for the Bosch Group. We are committed to expanding and strengthening our footprint here. Last September, we broke ground in Bidadi for a new manufacturing unit for diesel injection components. This year, we will be further augmenting our existing facility at Adugodi, which will be transformed into an R&D hub,” he said.The money will also be spent on expansion of Nashik plant, where the company manufactures common rail injectors. It plans to introduce new technology at this plant, he said.

During the year 2013, Bosch Limited derived 87 per cent of its turnover from automotive components business, while the remain-ing 13 percent came from the non-automotive products business. The share of non-automotive products business increased two per cent to 13 per cent in 2013.

BS