Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
»
1-min read

Bosch Aims to Mop up a Third of the Revenue of Two-Wheeler Segment from India

Bosch would continue to invest in dedicated motorcycle and Powersports technologies with an aim to become the market leader in the segment.

PTI

Updated:March 11, 2019, 9:21 AM IST
facebookTwitterskypewhatsapp
Bosch Aims to Mop up a Third of the Revenue of Two-Wheeler Segment from India
Geoff Liersch, Head of Two-Wheeler & Powersports Business Unit. (Photo: Bosch India)
Loading...

Auto components major Bosch is bullish about the fast-growing two-wheeler market in the country and expects to mop up one-third of the global revenue of the segment from India, said a company official. According to the company, a rise in disposable income coupled with a growing number of youths here looking for better riding experience would lead to the growth of new generation bikes with connectivity solutions and Powersports technologies. Besides, globally Bosch would continue to invest in dedicated motorcycle and Powersports technologies with an aim to become the market leader in the segment, the official added.

"We expect about one-third of our turnover (two-wheeler) would come from the Indian market...we expect it to be by 2022," Bosch Head of Two-Wheeler & Powersports Business Unit Geoff Liersch told PTI.

However, Liersch did not share the present figures of India in the global two-wheeler chart of the company. In 2017, Bosch posted a revenue of Rs 10,842 crore in India.

Quoting a survey, Bosch said global demand for two-wheelers is likely to grow by over 4 per cent annually from 2017 to 2022, reaching 122 million bikes by 2022. Two-wheeler and Powersports business is poised for major growth in India, where Bosch supplies market-specific motorcycle safety and powertrain solutions to comply with regulations as well as local market trends, it said.

"The two-wheeler landscape today is undergoing many changes as industry players look to innovate their service offerings, said Liersch.

Bosch Group is a global supplier of technology and services employing roughly 4,10,000 associates worldwide. In India, Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Manav Sinha
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results