World’s largest auto parts maker Bosch, despite witnessing a decline in its India business due to slowdown in the auto industry, is likely to continue to invest in the Indian market. In this regard, the company has earmarked an investment of Rs 600 crore as capex this year.
Moreover, the company has launched its energy and building solutions business in the country. This business will be headquartered in India for the Asia-Pacific region. The business model will be based on guaranteed saving model, while the energy generation solution will be based on renewable energy.
Recently, the company reported 19.22% fall in its net profit at Rs 138.98 crore for the quarter as compared to Rs 172.05 crore for the same quarter in the previous year. However, total income of the company increased by 0.45% at Rs 2255.13 crore for quarter under review as compared to Rs 2245.10 crore for the quarter ended December 31, 2012.
