#Bosch India

29.02.2020

Press release

Corporate News

Bosch breathes life into Shyanumangala Lake in Bidadi

Bengaluru – Bosch Limited inaugurated the rejuvenated Shyanumangala Lake today, situated adjacent to its manufacturing facility in Bidadi. Over the past few years, the Shyanumangala Tank had been losing its charm due to encroachments and mismanagement. The rise in pollution and regular dumping of the village’s garbage threatened the survival of the tank. Adding to this, blocking of catchment area had led to the accumulation of silt and reduction in the tank’s storage capacity. Bidadi was once famous for grape cultivation and poultry farming. Recognizing the tank’s significance for the town and its nearby communities, Bosch initiated immediate restoration activities in late 2017. These included key activities like construction of cattle trough outside the tank area, desilting, bund strengthening, shrub clearance, treatment along catchment area, and formation of walking paths, construction of drains, barbed wire fencing, chain link fencing and plantation among others. The idea behind initiating the project was a part of Bosch’s commitment towards preserving biodiversity and working towards the sustainability of the communities it operates in and around. Bosch values that include responsibility towards the society and environmental sustainability, propelled this initiative further. The company held discussions with the Panchayat development officers regarding the activities and also discussed it with the community members before proceeding. Speaking at the occasion of the tank inauguration, Mr. Soumitra Bhattacharya, Managing Director, Bosch Limited and President, Bosch Group India said, “At Bosch, we recognize the importance of preserving natural resources and promoting environmental sustainability. By identifying the growing need to cater to the demands of the localities near the tank, we started rejuvenation efforts in 2017. The benefits witnessed by the tank rejuvenation stand testimonial to our overall sustainability practices. We will continue to further our efforts and will contribute to more restoration practices.” Mr. A. Manjunath, Member of Legislative Assembly, Magadi also present at the inauguration said, "I feel honored to be a part of this initiative by Bosch Limited. We are in constant need of a clean and sustainable environment and the rejuvenation of Shyanumangala lake by Bosch Bidadi Management is a positive step towards it. I would request the general public to cooperate us in maintaining the lake waters and keeping the surrounding clean and litter free by responsibly using the lake." The rejuvenated lake will not only benefit the local population for domestic utilities but also lead to recharging of ground water table and restoring the micro environment in the surrounding areas.

13.08.2019

Press release

Business/economy

Quarter 01.2019–2020 financial results

Bengaluru, India – Bosch Limited, a leading supplier of technology and services, posted total revenue from operations of INR 2,779 crores in Quarter 1 of FY 2019–20, a decline of 13.5 percent. The noticeable drop is mainly due to the automotive market slowdown during the quarter in all the segments. Profit before tax (PBT) before exceptional items stood at INR 504 crores. This is 18.1 percent of total revenue from operations, and a year-on-year drop of 22.3 percent, mainly affected due to lower turnover, commodity price increase and unfavorable forex. Profit after tax (PAT) before exceptional item stood at INR 334 crores which is 12.0 percent of total revenue from operations. The Indian automotive market is undergoing major changes as a result of various economic, regulatory, technological, and market factors, including opportunities arising in electromobility and mobility solutions segments. In light of this, the company has initiated several transformation projects, including restructuring, to remain competitive. The company has set up a provision of INR 82 crores towards restructuring, reskilling and redeployment, that has been disclosed as an exceptional item for the quarter ended June 30, 2019. After allowing for this exceptional item, profit before tax (PBT) stood at INR 422 crores, or 15.2 percent and Net profit after tax (PAT) stood at INR 280 crores, a decline of 35 percent over the same period of previous year. “The automotive industry in India is going through a paradigm shift. The slowdown is not cyclical, but structural. Shortage of liquidity accompanied with build-up of inventory, will pose a big challenge and the recovery will take longer than expected. With the outlook for this sector being extremely challenging, the impact on structures, including surplus manpower, is already visible. At Bosch Limited too, we have been investing in restructuring, to enhance efficiencies and to be fit for the future. While every opportunity will be extended for reskilling and redeployment, to align with adjustment of portfolios and competencies, there will be manpower adjustments,” said Soumitra Bhattacharya, the managing director of Bosch Ltd. Snapshot of divisions’ performance in Quarter 1 “Bosch Limited is deeply committed to the future growth of India. Key investments in future technologies and innovative solutions in the mobility and non-mobility segments will continue. While doing this necessary course correction measures will be taken in order to remain competitive in these challenging times,” added Mr. Bhattacharya. Worldwide, the automotive industry is facing a downward trend. This is also affecting Bosch Limited’s automotive sales, which decreased 17.5 percent in first quarter of 2019–20. Domestic sales decreased 18.2 percent, while export sales declined 8.6 percent. Though the Power Tools and Security Systems divisions disclose positive growth, the company’s non-automotive business posted a decline of 16.0 percent. This was primarily due to a drop in the energy services business.

17.07.2019

Press release

Business/economy

Bosch Limited inaugurates its expanded Bidadi plant

Bengaluru, India – Bosch, a leading global supplier of technology and services, has inaugurated its expanded smart factory for mobility solutions in Bidadi (Phase II), which is located some 35 kilometers from Bengaluru. The plant features latest Industry 4.0 solutions and carbon-neutral technology. “Bosch is taking a further step toward more efficient, more flexible, and sustainable manufacturing in India in order to boost competitiveness and meet rising demand in the local market,” said Volkmar Denner, chairman of the board of management of Robert Bosch GmbH. “The new Bidadi plant will further boost India’s strong role in the Bosch Group’s global network.” The company has invested 31 million euros in the new facility. The Bidadi plant will accommodate almost 2,500 associates by the end of 2019. The Bidadi plant will act as a local hub for development of Bosch powertrain solutions and manufacture of automotive products such as common rail singlecylinder pumps and high-pressure rails. “It is important for Bosch to leverage our expertise in manufacturing operations and combine it with technology and digitalization to build lean manufacturing facilities,” said Soumitra Bhattacharya, the managing director and president of the Bosch Group in India. From Adugodi to Bidadi: one of Bosch’s largest ever relocation projects Bidadi Phase I witnessed a shift of around 500 people from the existing manufacturing facility in Adugodi to Bidadi, along with manufacturing operations for the new-generation powertrain solutions products. Now, Phase II has witnessed the shift of around 2,000 people, as well as 760 units of machinery and equipment. This movement is one of the largest relocation projects ever undertaken by Bosch. The former Adugodi manufacturing site is being converted into a high-tech engineering center and is slated to become the largest Bosch technology campus outside Germany. Sustainable manufacturing: Bidadi plant to be carbon neutral by 2020 Bosch plans to be fully climate neutral as early as next year. Its over 400 locations worldwide, together with their engineering, manufacturing, and administrative facilities, will no longer leave a carbon footprint. This will make Bosch the first major industrial enterprise to achieve this ambitious goal in a little over a year. In line with this target, the Bidadi plant has been built to be leaner and more sustainable. According to the International Energy Agency, manufacturing accounts for around 32 percent of global carbon dioxide emissions. To quote Dr. Volkmar Denner: “The current state of the global ecosystem demands that organizations make concerted efforts to reduce their global carbon footprint. We at Bosch see climate action as our responsibility, and believe we have to act now. The company has undertaken initiatives to build environmentally friendly manufacturing sites across the globe, and the Bidadi plant is the latest result of this effort.” The new facility is aligned with the blueprint of the “Carbon neutral – 2020” strategy, with initiatives such as energy analytics, environmental initiatives such as tree planting, the use of alternative fuel like Compressed Natural Gas for heating, and solar power capacity of 8.7 megawatts peak in 2018. The sun accounts for approximately 30 percent of the power consumed by the plant. The facility is built to be environmental friendly and is a landmark in manufacturing practices across India. Increased production efficiency: focus on state-of-the-art, digitally connected manufacturing technologies Bosch is a leading user and provider of Industry 4.0 solutions, and is using them in Bidadi to increase the plant’s efficiency and competitiveness. In its manufacturing operations, the plant uses cobots (collaborative robots), automated visual inspection stations, and Device Bridge software, a local Bosch innovation that can be retrofitted to old machinery to turn them into connected devices, thereby significantly improving processes and reducing defects. The Bidadi plant has put an intensive system continuous improvement process (SCIP) into place which is the way to achieve sustainably waste-free processes.This will allow it to further improve and maintain safety and quality standards, while remaining cost competitive. Modernizing the machinery and using smart automation solutions have helped make the plant more efficient, and already resulted in remarkable achievements.Bosch: going strong in India The Bosch Group sees a wealth of possibilities in India, which is Asia’s third largest economy. Bosch set up manufacturing operations in India in 1951, and these have grown over the years to include 18 manufacturing sites and 7 engineering and application centers. Its Indian subsidiary Bosch Limited ended its 2018−19 fiscal year with total revenue from operations of INR 12,258 crores (1.49 billion euros), a year-on-year increase of 4.9 percent year. Bhattacharya said: “India’s mobility sector is transforming rapidly, and is expected to grow significantly in the coming years. The Indian automotive components industry is set to become the third largest in the world by 2025.” Bosch is committed to delivering best-in-class automotive solutions in India. The company’s steady stream of innovative mobility solutions is a result of its unwavering commitment to improve quality of life by providing solutions which are both innovative and beneficial.