New safety norms in India such as mandatory implementation of antilock braking system (ABS) from April 2018 and new engine management system for two-wheelers are expected to help drive the company's growth.
"In 2020, we want to achieve (global) sales of one billion Euro and India would contribute more than one third of Bosch's global two-wheeler and power sports revenue," Bosch Senior Managing Officer (Two Wheeler and Powersports) Geoff Liersch told reporters here.
"India is a key market for two-wheelers. Developments taking place here have the potential to influence other emerging markets such as Indonesia and Thailand, where small two-wheelers also count as important means of transportation," he said.
However, Liersch did not share the present sales of the two-wheeler and powersports division.
On the company's future plans, he said: "We will continue to invest in emissions and power transmission systems. We also have full product portfolio in the electric technology".
Commenting on implementation of ABS in two-wheelers, Liersch said: "From a business point of view, it's a great opportunity of Bosch as we have a very strong portfolio there. We will have to work hard to support the volume when the transition starts."
Liersch also said India, where Bosch has manufacturing and R&D unit, presents the "opportunity to develop innovative solutions tailored to the need of emerging markets."
Over the investment, he said:" We are investing in the facilities here in test track and testing facilities but we also have manufacturing side and we have to invest heavily in it to make sure that we get products here in large volumes... we would bring assembly lines and would bring manufacturing, its just matter of time.