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Bosch Group to invest Rs.1,000 crore in Mico

Saturday, 10 Dec 2005
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The Bosch Group of Germany has announced an investment of Rs.1,000 crore in its Indian subsidiary, Motor Industries Co (Mico), based in Bangalore. The investment would be made over a period of three years.

Bosch has also announced significant expansion in its Indian outfit, Bosch Security Systems, which is a division of Mico.

In another development, Robert Bosch Corporation has proposed to change the name of Kalyani Brakes where Bosch has a 80 per cent holding, to Bosch Chassis Systems India Ltd.

The Robert Bosch Group operates in India through the following companies that together employ 13,000 persons:

  1. Motor Industries Co Ltd
  2. Bosch Security Systems (a division of Mico)
  3. Kalyani Brakes
  4. Bosch Rexroth India
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