Bosch pays more attention to India & China
Germany's Bosch Group, sees emerging markets powering growth in 2008 as a global credit crunch cool sales in Europe and the United States, its largest markets, a senior official said on Thursday.
The world's biggest supplier of auto parts is targeting double-digit expansion in China and India and expects increased safety standards and stricter emission norms to help sales, Bosch Automotive head Bernd Bohr told reporters
 |
|---|
."Auto sales in Europe are going to be flat in 2008, and I don"t expect the U.S. to recover," he told a news conference where the firm announced it would invest an extra 170 million euros ($250 million) in India by 2010.
That would take Bosch's total investment between 2005-2010 in the world's second-fastest growing major economy to nearly half a billion euros. It makes diesel engine parts, gasoline systems, brakes and electronics in India.
"Potentially, there are dark clouds in U.S. due to the banking situation," Bohr said.
Analysts have said the U.S. housing slump and credit woes could hit demand. A top sector investor forecast last month that U.S. auto sales could slump to levels not seen in 15 years.
Bosch expects Asian sales to increase threefold by 2015 to 22 billion euros, a quarter of its total expected revenue. It currently gains 16 percent of revenues from the region, while two-thirds of sales are in Europe.
Views:0
- BOSCH Qingling Hydrogen Fuel Cell Project Officially Kicks off in Chongqing 2021-12-29
- Qingling-Bosch Hydrogen-powered Truck Completes Its First Trial Operation 2021-10-13
- FAW Jiefang , Bosch Reach Agreement in Offering FOTA 2019-05-20
- IAA 2018: Bosch Announces Electric, Fuel-Cell Powertrains 2018-09-21
- Weichai Power Joins Hands with Bosch in Developing Fuel Cells 2017-11-24
- Bosch Plans to Build Asia Pacific’s First iBooster Plant in Nanjing, China 2017-08-02
- Bosch to Sell Starters, Generators Unit to China Partner ZMJ 2017-05-05
- Bosch Awarded “2016 The Most Reliable Common Rail of Chinese Truck Users” 2016-01-25
- Electrification, Intelligence, Internet-assisted Mobility and Clean Energy Become the Four Key Direc 2015-10-29
- Bosch Ups Investments for India Challenge 2014-02-08
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021
