Source | https://economictimes.indiatimes.com : By Nabeel A Khan
NEW DELHI: Bosch plans to hire as many as 10,000 engineers over the next few years at its research and development centre in India to work on futuristic technologies such as Internet of Things, where the German auto component major sees big opportunities.
The company will invest between Rs 500 crore and Rs 800 crore in each of the next two years in India to expand local operations including in R&D to develop products for global markets, Bosch Group India president Soumitra Bhattacharya said.
“We spend a lot of money on IoT, especially to provide mobility solutions, and we see a strong future in this area,” Bhattacharya said. “Today, the car is looked at as the third living space after one’s office and home. Bosch is making for connected, automated and shared vehicles. Just from your car, you will have an equal form of connectivity as you can have from the office or home.”
Bosch operates its second biggest R&D centre in India, employing more than 18,000 engineers at the Bengaluru facility.
Though India contributes only a little over 3% to Bosch’s total revenue, the country has strategically become important for the company, both as a technology development centre and as a market.
The German company is also working on its strategy on batteries as automakers accelerate their electric mobility programmes.