Bosch has executed a Joint Venture (JV) agreement with Prettl India. The Parties have executed the JV agreement for incorporation of a new joint venture company to be incorporated for the purpose of carrying out the business of manufacturing / assembly and supply of mechanical and electromechanical components and assemblies for automobile and non-automobile industry.
The company has agreed to subscribe an amount not exceeding Rs 8 crore and Pretti has agreed to subscribe an amount not exceeding Rs 12 crore in the equity share capital of the proposed JV Company to be incorporated for the said purpose. The proposed shareholding of the new JV company shall be 60% by Prettl and 40% by the company.
Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology in India. Additionally, Bosch has in India the largest development center outside Germany, for end to end engineering and technology solutions.
