8/18/22, 1:18 PM bosch: Bosch to invest over Rs 200 cr in next 5 years in India: Soumitra Bhattacharya - The Economic Times

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Business News › Industry › Auto › Auto Components › Bosch to invest over Rs 200 cr in next 5 years in India: Soumitra Bhattacharya

Bosch to invest over Rs 200 cr in next 5 years in

India: Soumitra Bhattacharya
PTI Last Updated: Jul 12, 2022, 10:49 AM IST
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Synopsis
Bosch Group India President Soumitra Bhattacharya pointed out that the world is going

A KU B
through "unprecedented" challenges like the supply chain crisis, including the
continued chip shortages, China lockdown -- in particular Shanghai, Ukraine-Russia War

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and geopolitical shifts.

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Auto components major Bosch Ltd
PTI

NSE -1.85 % will invest over Rs 200

Code
crore in India in the next five years in
advanced automotive technologies and
digital mobility space, its Managing
Director Soumitra Bhattacharya has BUKA
said. The company is also "quietly and
cautiously optimistic about having a
Soumitra Bhattacharya, Managing Director of
Bosch Limited and President of the Bosch Group, double-digit growth in FY2022-23 over
India
the previous fiscal year", Bhattacharya,
who is also Bosch Group India President, wrote to the company's
shareholders in the annual report for FY22.

He pointed out that the world is going through "unprecedented" challenges

like the supply chain crisis, including the continued chip shortages, China
lockdown -- in particular Shanghai, Ukraine-Russia War and geopolitical Learn More
shifts.

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"...this has resulted in one of the highest inflations we have seen in the world
with impacts on interest rates and slowing down of the economy with a 1. BMW sees robust demand for
luxury vehicles in India.
looming and possible recession," Bhattacharya said. Here's why

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