The campus is likely to house the second-highest number of Bosch employees in the world
Around 85 million vehicles will roll off assembly lines around the world this year, more than the 78 million units produced in 2020 but still below the 92 million cars produced in 2019
Higher content share in BS-VI, two-wheeler electric vehicles offer incremental opportunities
Near term margin improvement will also be an area to watch out for
Govt should come up with a special stimulus package for the domestic automobile industry in order to revive the segment which is expected to de-grow in the current financial year as well, Bosch said
Analysts at ICICI Securities expect the company to outperform the underlying market due to rising revenues per vehicle, new order wins and focus on being a solutions provider
Two wheeler, tractor sales and rightsizing staff may help offset part of the impact
Auto components major Bosch reported a consolidated net loss of Rs 120.83 crore for the first quarter ended June affected by the coronavirus pandemic
Since May 22, post Q4FY20 results, Bosch has outperformed the market by surging 45 per cent as compared to 18 per cent rise in the benchmark S&P BSE Sensex index.
It has shed over 26 per cent in a year, with sluggish demand and weak operating leverage affecting its financials
As the automotive industry goes through major disruption, Bosch also witnessed 15.7 per cent fall in its revenues from operations at Rs 2,537 crore
Bosch is pumping massive investments into electric mobility and autonomous and connected driving
The company reported a 27 per cent fall in turnover, driven by the mobility segment that fell 31 per cent over the year-ago quarter
Bosch unveils Internet of Things based public infrastructure monitoring solution
In August, the company had announced that it will temporarily stop production at its two plants separately during the month for a total of 13 days to "avoid unnecessary build-up of inventory"
Bosch Ltd Managing Director Soumitra Bhattacharya said the India auto industry was going a paradigm shift
Transition to BSVI, electrification challenge amidst lower volume offtake to impact growth outlook
A total of 51 stocks including M&M Financial, JSW Steel, Heritage Foods, Eris Lifesciences, Godrej Consumer, L&T Financial Motilal Oswal Financial and Shoppers Stop hit 52-week lows.
The slow-down in automobile sales is also slipped over to capital expenditure spends by major manufacturing companies, according to Denner
Bosch's mobility solutions business segment witnessed 3.3% increase in revenue in FY19