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Bosch has announced an investment of Rs 300 crore at its Nashik plant this year.
According to a company release, this is a part of the Rs 2,200-crore investment for the entire Bosch Group in India announced in January.
“The funds will go towards significant capacity expansion, increase in production space along with increase in headcount,” the release added.
In the wake of improved demand for diesel injection equipment, Bosch Nashik plant has invested substantially in enhancing its capacity. Production of common rail injection systems has gone up by 60 per cent and nozzle holders by 20 per cent.
The Nashik plant is investing in enhancing the production space to the tune of 35,000 sq.m. to meet the expansion plan.
Apart from production space, funds have also been allocated for a new office building, which is expected to accommodate 140 persons. In terms of headcount, 2012 will see the recruitment of over 400 persons in different areas of work.
Mr Gopikumar, Vice-President – Commercial, Bosch Ltd Nashik plant, said: “Our commitment to Nashik is undisputed. We are playing a very important role in contributing towards meeting market demand of the Bosch Group in India.”
anil.u@thehindu.co.in
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