Bosch, the world’s largest auto component maker on Thursday said the transition from BS-IV to BS-VI has given the German component maker’s Indian subsidiary an opportunity to acquire 70 new projects in India, valued about €3 billion or Rs 24,000 crore, which will be actualised in the coming years.
The implementation of BS-VI has opened up revenue opportunity for the company in the gasoline and diesel power train space, as well as two-wheelers, where Bosch supplies fuel injection system. The company has been working with several Indian companies to offer solution for smooth BS-VI transition from concept to SOP stage.
The potential revenue from the new orders is equivalent to more than last year’s group revenue in India and nearly the double of the listed company Bosch Limited. The Bosch Group in India and Bosch Limited had a revenue of Rs 21,450 crore and Rs 12,460 crore in 2018, according to the Bosch annual report of last fiscal.
Markus Heyn, member of the board, at Bosch told ET, “The content per vehicle for the new diesel engine will be superior compared with the diesel engine compliant with the BS-IV norms and this will help to support the revenue for mobility solutions in the coming years.
The company expects the diesel vehicles to remain an integral part of the automotive ecosystem in the coming years, owing to lower carbon dioxide emissions and diesel remaining the primary options for long-distance travel.
Bosch expects internal combustion engines to account for 75% of the global market by 2030 and in India, it may be in around 80% by the same time frame.