Germany-based auto components majoer, Bosch unveiled its sixth manufacturing unit in India in Tamil Nadu, says a PTI report.
Further, the new plant at Gangaikondan, will facilitate the company's Gasoline Systems business to further localise manufacturing and increase cost-competitiveness.
Commenting on the matter, Bosch Ltd Managing Director Steffen Berns said: "It is important for our Gasoline Systems business division to have a strong manufacturing foot-print in an important and growing market like India."
The extended local production capabilities in this new location will help Gasoline Systems to further grow its market share with a competitive product portfolio, he added.
The plant has come up with an investment of around Rs 50 crore and is spread across 6,500 sq mts of built up area.
Expressing views, Bosch Ltd Managing Director Steffen Berns said:"The new plant is an important part of Bosch's strategy to enter the competitive two-wheeler market in India with electronic fuel injection systems," Bosch Regional President Gasoline Systems, Sandeep N added.
Furthermore, the facility will produce power train sensors, fuel delivery modules and air management components for automotive and two-wheeler systems, he added. Prior to the inauguration of this new manufacturing facility, Gasoline Systems division shared the Bosch Naganathapura manufacturing facility for its local production. Bosch scrip closed at Rs 21,698.90, up 0.20 per cent, on the BSE.