Bosch Power Tools, a part of the diversified Bosch group, plans to expand its manufacturing unit located near Bangalore next year, while consolidating its market leadership position with new product range and stepping up local output. The market for tools in India is estimated to be about Rs 850 crore last year and growing at about 10 per cent per annum.
The company’s tool division has been growing at a compounded annual growth rate (CAGR) of about 25 per cent per annum over the last three years. The company hopes to sustain this growth as there is latent demand from artisans and skilled workers to adopt power tools.
