Technology and services supplier Bosch Ltd has inaugurated its sixth manufacturing unit in India at Gangaikondan, Tamil Nadu.
Built with an investment of around Rs 50 crore, 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. It will produce power train sensors, fuel delivery modules and air management components for automotive and two-wheeler systems.
“The extended local production capabilities in this new state-of-the art location will help Gasoline Systems to further grow its market share with a competitive product portfolio,” Dr. Steffen Berns, MD, Bosch Ltd, said in a statement.
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.