“We imagine we aren’t going to be the least as a rustic not going to lag behind any of the superior international locations within the deployment of hydrogen-based autos.
So, we should always begin to see some pilot deployments possibly by ’25-’26 timeframe,” Guruprasad Mudlapur, joint managing director and chief expertise officer of Bosch Limited, informed reporters.
Mudlapur’s assertion got here after the Bosch Limited Managing Director Soumitra Bhattacharya’s announcement throughout the press convention that hydrogen is an space which the corporate is specializing in.
“The recent announcement was a very specific one in the context of making components to make electrolyzers. Electrolyzers help convert water into hydrogen. We were not doing that before, but we will now start doing that. So, we get into that aspect as well,” mentioned Mudlapur.
Explaining, he mentioned Bosch already has a full portfolio during the last seven to eight years, and it’s now being deployed in pilot volumes all around the world.
Mudlapur mentioned they’ve pilot autos operating on gas cell electrical autos in China, Europe, and the US. “When does it come into India? I think this is something we’re working on together with original equipment manufacturers. We are working on also with ecosystem developers,” the Bosch government mentioned.
Stating that the present infrastructure is insufficient to run hydrogen autos, he mentioned there can be a necessity for hydrogen-filling stations and hydrogen-manufacturing models. The Bosch official mentioned there are gamers who’re engaged on growing the general hydrogen ecosystem.
Bosch Limited MD Bhattacharya mentioned the corporate’s work on hydrogen-based car options is at a really superior stage.He added that the extremely flamable gasoline can be used for heavy business autos utilizing the interior combustion engine, which might be reasonably priced and progressive.
Regarding the potential of hydrogen autos in India, he mentioned, “The Fuel Cell Electrified Vehicle for hydrogen is a robust chance for India and can occur.
We additionally believed that the Stationary Hydrogen Fuel Cells may also happen.” The firm mentioned in a press release that it ended its fiscal yr 2021-22 with complete income from operations of Rs 11,781 crore, registering a rise of 21.2 p.c in contrast with the earlier fiscal yr.
The revenue earlier than tax (PBT) elevated by 14.4 p.c to Rs 1,500 crore in 2021-22, which amounted to 12.7 p.c of complete income from operations, whereas the revenue after tax (PAT) stood at Rs 1,217 crore.
Total investments, together with capital work-in-progress in 2021-22, amounted to Rs 635 crore with main spending on the growth of the sprawling Adugodi campus in Bengaluru into a wise campus.
Source: www.financialexpress.com”