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Bosch investing ₹800 crore to upgrade Bengaluru facility
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Bosch to invest Rs 800 crore to upgrade Bengaluru facility to fully AloT-enabled campus
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February 11, 2021
A shortfall in supply of some products, including semiconductors, has dragged Bosch Ltd’s net profit down by 4.58 per cent to ₹185.75 crore for the third quarter of the current fiscal. Total income of the company grew 17.34 per cent to ₹3,140.96 crore.
A press statement from the company said Bosch Ltd has continued investment in its 3R strategy of restructuring, reskilling, redeployment and other transformational projects. To support this, an additional amount of ₹146.6 crore has been provided and disclosed as an exceptional item for the quarter ended December 31, 2020. This is the last tranche extended under the current 3R strategy.
“The sales figure for the festival season in the last quarter was better than anticipated, especially in the tractor and passenger automotive segments. However, the volatilities in the supply chain continued to disrupt growth. Since late last year, the industry has been hit by a shortage in the supply of semiconductors, wh
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