Bosch to invest Rs 450 cr in Nashik unit

Nashik, Aug 4 (UNI) German auto component major, Robert Bosch GmbH will invest Rs 450 crore in its plant here, over the next two years, to double the production of common rail injector and boost employment in the supply chain.

The investment was part of the Rs 1,000 crore expansion plan that the Company had embarked for the period 2005-10, of which Rs 550 crore had already been invested, Company vice president (commercial) S M Hedge told newsmen here today.

The Company had announced Rs 2,650 crore investment in its Indian units for the five year period.

Through the investment the production volume at plant here is slated to increase to 1.3 million injectors by 2009 from the current 500,000.

The Company also plans to increase direct and indirect employment opportunities through localisation of import components. This will create jobs at the suppliers. Besides this, 500 more people will be required in the plant in the next five years.

About the future projects of the group, Mr Hedge said the Company had tied up with Samsung Ltd for production of lithium batteries, whereas talks are on for production of solar units with other companies.

The Company will soon introduce a new product -- ''Start-stop-system'', which will automatically switch of the car engines at signal to minimise the consumption of fuel, Sanjay Chakravarty Head, Corporate Communications said.

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