The India unit of German auto component maker Bosch said it will invest Rs 1,170 crore in building technologies such as safety systems, anti-lock braking system (ABS) and the so called internet of things products.
Today, India is home to the Bosch Group's largest development center outside of Germany. At the locations in Adugodi, Bangalore and in Coimbatore, the company employs over 14,000 research and development associates. This makes India an important hub for Bosch's global R&D network. This role will further increase with the expansion of the Adugodi facility - as increasingly Bosch's leading edge in technology is the result of a "local for global" exchange of findings and experience, the company said in a statement.
The company opened a Rs 350 crore first phase of R&D facility on Friday
"Bosch sees immense growth potential in India. The inauguration underscores our commitment to the country," said, Peter Tyroller, member of the board of management of the Bosch Group responsible for the region Asia Pacific.
"Bosch has been making conscious efforts to offer superior products that are environmentally friendly, cost-effective and above all possess the ability to connect with the youth," said Dr. Steffen Berns, president, Bosch Group India and managing director, Bosch Limited