Bosch Group's Vision for Electrification and Hydrogen in India by 2030
Key Ideas
  • By 2030, Bosch predicts 20% of passenger cars and 70% of two-wheelers in India will be electric, with heavy commercial vehicles shifting towards hydrogen technology.
  • The company is actively working on hydrogen technology projects and expects about 10% of heavy commercial vehicles to run on hydrogen by 2030.
  • Bosch is collaborating with its German counterparts to develop hydrogen engine technology specifically for the Indian market.
  • Despite challenges like a high base from the previous year, Bosch Limited reported a 14.7% increase in Profit Before Tax in the June quarter, driven by higher demand in the automotive market.
Guruprasad Mudlapur, President of the Bosch Group in India, shared the company's vision for the electrification of vehicles in the country by 2030 at a press conference in Bengaluru. He expressed confidence that by 2030, 20% of passenger cars and 70% of two-wheelers in India will be electric, with a shift towards hydrogen technology for heavy commercial vehicles. Bosch is actively engaged in developing hydrogen engine technology for the Indian market in collaboration with its German counterparts. Despite challenges like a high base from the previous year, Bosch Limited reported positive growth in the automotive market, with Profit Before Tax increasing by 14.7% in the June quarter. The company remains cautious about the global semiconductor supply situation but expects no major issues in the upcoming quarters. The overall sentiment in the automotive sector remains positive, with continued demand in the passenger car segment driving growth for Bosch Limited.
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