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Bosch announces $400-million diesel engine project in India

AFP · 4 Jan 2010, 15:23

Published: 04 Jan 2010 15:23 GMT+01:00

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"India is witnessing a strong increase in demand for diesel engines," the company, a major maker of diesel injection systems, said in a statement. “The diesel engine consumes 30 percent less fuel than the gasoline engine, while common-rail technology reduces the pollutant emissions of diesel engines, thus making it possible to meet strict emission standards."

Bosch introduced common-rail fuel injection systems in India in 2006, the statement said, adding nearly a quarter of the new investment would be earmarked for research.

India is Asia's third-largest car market after China and Japan, where Japanese-owned Maruti Suzuki holds a commanding lead. Indian car sales are expected to cross two million units next year.

Bosch Automotive Group chairman Bernd Bohr told a press conference that sales in India grew by five percent to 68 billion rupees ($1.4 billion) in 2009.

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India, which currently accounts for about five percent of the company's global auto business, is likely to account for seven to nine percent of its total auto business by 2017, he said.

"India is a very important market for us, and it has been profitable as well," Bohr added.

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Your comments about this article

00:33 January 7, 2010 by temanaroa

And how many more Unemployed does Germany need?
00:16 January 8, 2010 by Dizz
oh good temanrosa, you like to think things through.

mercantilist zero-sum trade theories were pretty much outed 300 years ago. look at it this way, bosch is going to invest $400m and probably be looking to recover it in 6 - 8 years. after that its profits will represent a flow of income INTO germany, thereby shoring up the german economy and presumably CREATING more jobs here. how'd you like the alternative? nobody allows german companies in and prefers to buy from their own domestic manufactures. how many german jobs do you reckon that would cost?
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