Bosch readies Rs 800-cr annual capex for next few years

Auto component major Bosch is looking to invest up to Rs 800 crore annually for the next few years as it aims to develop its Bengaluru-based headquarters into a modern technology park and move out the manufacturing operation from the facility to a new location.

The group, which currently has a turnover of around Rs 18,000 crore and employs over 30,000 people across 10 legal entities, expects its growth in India to continue in a steady manner.

"If you look at the Bosch India story, in the last five years, we have been investing anywhere between Rs 650 crore to Rs 900 crore annually," Bosch Ltd MD Soumitra Bhattacharya told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)