Bosch Electrical Drives India Private Ltd. (A joint Venture with Igarashi Motors India Pvt. Ltd) has announced that it shall be setting up a plant in the Chennai region during the recently conducted ground breaking ceremony of the facility. The plant that is expected to be functional by end of 2012 will produce Wiper systems, Engine cooling fan modules, HVAC blowers and Window lift drives products.
To be built on a total area of 9000 Sq. m with an investment of Rs 370 million and equipped with state of the art technology the plant will aim at increased localization of production. This facility will cater to the growing needs of the domestic market.
Setting up of the plant is slated to be a significant milestone for Bosch Electrical Drives India that initiated its operations in Chennai from a leased location in 2008.
Bosch Electrical Drives India at present employs 200 persons. With opening of the new plant, it is expected that nearly 350 more people will be recruited over a period of 3 years.
Commenting on the development at the ground breaking ceremony Mr. Wolf-Henning Scheider, Member of Board of Management, Robert Bosch GmbH, who also presided over the ceremony, said “This is a milestone event not just for the electrical drives business division of Bosch in India, but a milestone from the global perspective too. With Asian economies witnessing spectacular growth and “China & India” at the helm of affairs, we see huge opportunity and scope for Bosch to contribute to some significant and path breaking developments here. A strong focus on diversification and plans by other Bosch companies to initiate operations in India are some of the steps in direction of being a part of this intriguing growth story. The promising growth witnessed in the Indian automobile market and augmented demand from developed markets has translated into good business and growth for Bosch in India. We continue to strive towards catering to market needs with the best in the industry.”
The ground breaking ceremony was also attended by representatives of the Tamil Nadu Government, Mr. V.K. Viswanathan, Managing Director Bosch Limited, Mr. Subramanya Ullal, Vice President, Bosch Electric Drives India Pvt. Ltd, Mr. Igarashi and Mr. Mukund from Igarashi Motors India Pvt. Ltd and Bosch Electrical Drives India Board members and employees.
