The fall in auto stocks came after the US President Donald Trump, on Wednesday, announced that he would impose a 25% tariff on all cars imported into the US that are not manufactured domestically
Bosch reported a 12 per cent decrease in consolidated net profit of Rs 458 crore as compared to a profit of Rs 518 crore a year ago
Bosch, the world's biggest car parts supplier, said it is planning to cut 3,500 jobs by end-2027 in its cross-domain computer solutions division
Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal. Revenue from operations increased to Rs 4,394 crore in the second quarter as compared with Rs 4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs," Bosch Ltd Managing Director Guruprasad Mudlapur said. The company anticipates sustained demand across segments driven by the festive period in the next quarter, he added. Coupled with investments in advanced technologies and a strong commitment to localisation, the company will continue to deepen its efforts
Q2 results today, November 12: General Insurance, Zydus, and Bosch will release their Q2FY25 results
Auto components maker Bosch on Tuesday said its consolidated profit after tax rose 14 per cent to Rs 466 crore for the first quarter ended June 30, 2024. The company had reported a profit after tax of Rs 409 crore in the April-June quarter of last fiscal. Total income rose to Rs 4,496 crore for the period under review as compared with Rs 4,346 crore in the year-ago period, Bosch Ltd said in a regulatory filing. "The financial year commenced with moderate growth in the automotive market despite the challenges of a high base from the previous year, a slowdown related to elections and the summer heatwaves," Bosch Ltd Managing Director Guruprasad Mudlapur said. Continued demand in the passenger car segment, coupled with growth in production and wholesale, resulted in growth for the company in the first quarter, he added. "However, retail sales have remained sluggish leading to a rise in the pipeline inventory. Despite the challenges, the overall sentiment in the automotive sector rema
German multinational firm Bosch is considering a multi-billion-dollar acquisition of American white goods manufacturer Whirlpool
With Tuesday's gain, the stock has recovered by 25 per cent from its low of Rs 27,500 on June 4
At 11:13 am; with Rs 1.0 trillion market capitalisation, Bosch was trading 5 per cent higher at Rs 33,918.
A weak tractor demand dented growth, even as revenue, operating profit, and adjusted net profit rose 4 per cent, 7 per cent and 42 per cent year-on-year (Y-o-Y)
Bosch's net profit rose 41.5 per cent on a year-on-year (Y-o-Y) basis to Rs 564 crore, from Rs 399 crore in the same quarter a year ago (Q4FY23)
Bosch Q4 FY24 results: The board recommended a final dividend of Rs 170 per equity share of Rs 10 each. The final dividend, if declared, will be paid on or after August 13, 2024
Company Q4 FY24 results today: Ashok Leyland and Zee Media Corporation are among some of the major companies to release their earnings report for the fourth quarter ending on March 31, 2024
The Association of Mutual Funds in India (Amfi) announced a revised list of largecap, midcap and smallcap stocks biannually (January and July)
Overall product sales of the automotive segment have increased by 16.8 per cent compared to the same quarter of the previous year
One way that the company can improve margins is by increasing the localisation content
The technology supplier plans to increase the percentage of goods produced locally in India to bring down its imports of components
Auto components major Bosch has reported a 14 per cent increase in its consolidated net profit at Rs 399 crore for the fourth quarter ended March 2023. The company posted a net profit of Rs 350 crore in the January-March quarter of 2021-22. Its revenue from operations rose to Rs 4,063 crore in the fourth quarter against Rs 3,311 crore in the year-ago period, Bosch Ltd said in a late-night regulatory filing on Wednesday. For the year ended March 2023, the company posted a consolidated net profit of Rs 1,424 crore as against Rs 1,217 crore in FY22. The revenue from operations increased to Rs 14,929 crore in FY23 from Rs 11,781 crore in FY22. "2022 was a historic year as we celebrated 100 years of Bosch in India and at the same time it was a year replete with challenges in the market. Despite all odds, we concluded the year with strong performance and positive revenue growth," Bosch Ltd Managing Director Soumitra Bhattacharya said. This was primarily fuelled by the solid recovery i
The world's biggest auto-parts supplier plans to retool and modernize TSI's Roseville site with a target to start producing silicon carbide chips there from 2026, Bosch said Wednesday
Strong volume growth in its core segments of M&HCV/tractors should help keep the sales trajectory elevated