Bosch ready for BS-VI, to invest Rs. 1,170 crore in India.

With the government announcing plans to introduce BS-VI emission norms by 2020, Robert Bosch GmbH, the world's largest automotive component supplier, has initiated dialogues with vehicle makers in India to come out with an affordable indigenous solution for the Indian market.

'It is clear that the four year time (to migrate to Bharat Stage-VI) is a rather compact period, so we need to make an effort together with OEM side to overcome the challenge. We plan to add right amount of resources to make that happen,' said Markus Heyn, member of the board of management at Robert Bosch.

'Until now we have offered an India specific solution and I am confident and positive on BS-VI solution,' he said.

Bosch group plans to invest Rs 1,170 crore in India in 2016 on factories, capacities, infrastructure and research and development (R&D), which will focus on developing solutions to meet future regulations.

The German firm has invested Rs 3,000 crore in India in the last few years despite the overall market remaining slow. That is because, according to Heyn, opportunities for engineering and technology companies have never been so huge. 'The future is just great if you are an engineering company,' he said.

Bosch changed its image as a highcost high technology company when it developed cost-effective solution for Tata Nano and other entry level cars and quadricycles.

ET