Auto component manufacturer Bosch Ltd. said it would invest about Rs.770 crore in the current fiscal to expand its capabilities in the country. “We had made capital investments of around Rs.480 crore in 2015-16 and plan a further investment of around Rs.770 crore this year,” Steffen Berns, Managing Director, Bosch, told the media. According to the German major, the proposed investments will be made in its plants in Bidadi near Bengaluru and Nashik which make common rail pumps and injectors and in R&D Tech Centre at Bengaluru. For the quarter ended March 2016, Bosch posted a net profit of Rs.376.04 crore registering a growth of 30 per cent when compared to Rs.287.45 crore in the year earlier period. Net sales and income stood at Rs.2,635.37 crore, an increase of 12.2 per cent. For the year ended March 31, 2016, the net profit stood at Rs.1,245.92 crore while net sales and income from operations was at Rs.10,415.65 crore. The board also recommended dividend of Rs.85 per share. — Staff Reporter
