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:
- Motor Industries Co Ltd
- Bosch Security Systems (a division of Mico)
- Kalyani Brakes
- Bosch Rexroth India