Auto component maker, Bosch, in the next three years will invest up to Rs 250 crore in its aftermarket business. The company also aims to increase revenue from this division to Rs 3,000 crore. This will also include ramping up of car service centres from 750 to 800 outlets from the current 500 across the country.
For this fiscal, the company is aiming for revenues of about Rs 2,000 crore from the aftermarket business. The company will also enhance its training centres for mechanics to 15 in the next three years from 11 currently. The company expects to train about 25,000 people this year and it will be doubled in the next three years. This will be a part of the Rs 2,500 crore investment till 2013, announced by the company earlier this year for capacity augmentation, business diversification and research and development in India.
Currently, the revenue from the aftermarket division is growing at a strong double digits rate and the company is expecting this to continue. The firm is losing about 30 percent of its aftermarket businesses to fake and spurious parts but due to raids that Bosch conducts along with local authorities and education that it impart to its mechanics, the impact of spurious parts is declining. The company is currently conducting about two raids every day in different parts of the country.
Bosch is India’s largest auto component manufacturer and also one of the largest Indo-German company in India. Bosch has a strong nationwide service network which spans across 1,000 towns and cities with over 4,000 authorized representations to ensure widespread availability of both products and services.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
| View more.. | |
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