Bosch, formerly Mico Bosch, is likely to supply fuel-injection systems for the Bajaj-Renault sub-$3,000 small car. The German auto component maker also supplies similar systems for Tata’s small car and Bajaj’s motorcycles. The small car being built by the Bajaj Auto and French automaker Renault jointly is likely to hit the road in early 2010.
Bosch is planning to invest Rs. 850 crore in India to increase the production of petrol systems, electronic control units and ABS systems. By 2010, it plans to produce 15 lakh starters and 20 lakh alternators in India, compared to about 5 lakh of each in 2006. The company aims to generate low-cost vehicle equipment sales to the tune of 1 billion Euros by 2010. This is a fast growing segment in India. The global growth of low-cost components is projected to be at 6% by 2015, while in India it will be in double figures.
The component major has decided to change its name to Bosch from Motor Industries Company (MICO), in which it holds nearly 70% stake. Nevertheless, the well-established ‘Mico’ brand will be retained in the automotive aftermarket.
Good information! As we all know Bosch is a reliable compaby, they supplying injection system for Bajaj-Renault upcoming $3,000 car makes many feel satisfied.
Sometimes I wonder where people get these ideas from. Is it their life experience or just their imagination? I can tell from yours you put a lot of thought into it though. Thanks for posting it.
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