Tier 1 provider Bosch India held its annual convention on Thursday, highlighting its efficiency for FY2022. The German firm reported a wholesome progress of 21.2 % in income over FY2021. Bosch’s funding for the yr 2021-22 stood at Rs 302 crores whereas registering a revenue (PBT) of Rs 1,500 crore, up by 14.4 % in comparison with the earlier yr.
Present on the convention was Soumitra Bhattacharya, Managing Director, Bosch and President, Bosch Group, India, and of Bosch .
Soumitra Bhattacharya, MD, Bosch stated that India’s automotive market will develop regardless of the demand and provide challenges. “Now with the China lockdown, there is a strong possibility of the prolongation of the Ukraine, Russia war to continue, which will impact different parts of the world, including India.”
He identified that the continued semiconductor scarcity began round two years in the past and lots of corporations are nonetheless relying on Tier 1 suppliers like Bosch. Giving an instance of the car ECU he stated, “ECU is a very typical example of the electronic control unit, which also has these chips because, without these chips, we can’t do it.” He stated whereas manufacturing is in progress, it’s not working at full capability.
Guruprasad Mudlapur, Joint MD and CTO added, “An electronic control unit has about 75 percent import content and out of these, close to 50 percent belongs to semiconductors. He said that the situation can continue into next year. “Today expansion is limited by the ability for the semiconductor companies to procure machinery to build the semiconductor. They need to bring in the capex and that capex itself is the biggest limitation.”
Investments and acquisitions
Elaborating on India plans Bosch had introduced earlier this yr, Bhattacharya stated that new funding will go in direction of two key areas and that they won’t be proportionate quantities. He stated that the corporate will probably be investing within the digital mobility area.
Bosch is the most important tier-one provider for electrical mobility or total acquisitions globally. Mudlapur stated, “Coming to India, we have just started the journey in India, and we have acquisitions in the two-wheeler segment. We are supplying components to them and are now working towards acquisitions in the passenger car market with leading OEMs in India.”
The firm will proceed its electrification journey within the business car phase shifting ahead. Mudlapur added, “I would say in the Indian context, it’s still a very small step, but in the coming years, we should start to see our market share increase.”
Hydrogen as a gasoline for alternative
The Tier 1 provider has additionally forayed into the inexperienced hydrogen market and introduced its plans to make electrolysers that can assist convert water to hydrogen. At the identical time, Bosch may even develop injectors for use in ICE automobiles to provide hydrogen to the engine.
“We already have a full portfolio developed over the last seven or eight years, and are now being deployed in pilot volumes all over the world,” We have already got gasoline cell electrical automobiles working in China, the US, and Europe as ’pilot venture,” added Mudlapur,
The government added, “When will it come into India? This is something we’re working on together with OEMs. We are also working with ecosystem developers, and hydrogen, as you know, is not something which will run on today’s infrastructure. We need the hydrogen fueling stations to come in.”
Bosch is assured that India won’t lag behind any of the superior international locations in the case of deploying hydrogen-powered automobiles. The firm is deploying hydrogen-fuelled automobiles as early as 2025-26, as quickly because the market and infrastructure is prepared.
Why is Hydrogen the following huge transfer for the automotive trade?
Hydrogen as a gasoline carries way more density in comparison with electrical automobiles on the street right now. Also, on condition that Hydrogen is ample and has no tailpipe emissions, the automotive trade appears to be like to make big leaps in developments on this space. Taking into consideration that refueling time is way shorter in comparison with recharging a battery pack, and at current, there are pipelines that carry LPG and CNG over lengthy distances, Hydrogen has a number of benefits.
Reliance has invested in manufacturing Hydrogen in India and goals to be the most important producer globally within the subsequent 12 to 14 months. Taking the federal government’s curiosity in the identical, India just isn’t far behind in the case of infrastructure both.
Source: www.financialexpress.com”