Bosch eyes 1/3 of 2-wheeler and powersports sales in India
NEW DELHI: Auto component major Bosch looks India to contribute around one-third of its expected global revenue of 1 billion euros (around Rs 7,530 crore) from its two-wheeler and powersports business in the next four years. New safety norms in India such as mandatory implementation of antilock braking system (ABS) from April 2018 and new engine management system for two-wheelers are expected to help drive the company's growth. "In 2020, we want to achieve (global) sales of one billion Euro and India would contribute more than one third of Bosch's global two-wheeler and power sports revenue," Bosch Senior Managing Officer (Two Wheeler and Powersports) Geoff Liersch told reporters here. By 2021, over 90 per cent two wheeler production would be in India and China, added the company. "India is a key market for two-wheelers. Developments taking place here have the potential to influence other emerging markets such as Indonesia and Thailand, where small two-wheelers also count as important means of transportation," he said. However, Liersch did not share the present sales of the two-wheeler and powersports division. On the company's future plans, he said: "We will continue to invest in emissions and power transmission systems. We also have full product portfolio in the electric technology". Commenting on implementation of ABS in two-wheelers, Liersch said: "From a business point of view, it's a great opportunity of Bosch as we have a very strong portfolio there. We will have to work hard to support the volume when the transition starts." From April 2018, ABS will be mandatory for...02-06-2016
