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Bosch Limited (BOSCHLTD.BO)

BSE - BSE Real-time price. Currency in INR

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29,282.90

+149.00

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At close: 03:28PM IST

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Reuters
Bosch Ltd to increase manufacturing in India - CFO
Bosch Ltd, the Indian arm of German automotive supplier Robert Bosch GmbH, is looking to boost manufacturing in India over the next two to four years, the company's financial chief said on Tuesday. The technology supplier plans to increase the percentage of goods produced locally in India to bring down its imports of components, which had led to an increase of 12% in spending on traded goods last quarter. "Currently, we have roughly 54% traded goods and 46% manufactured goods," CFO Karin Gilges said in a press conference, adding Bosch plans to change this ratio in favour of the manufactured goods to align with country's "local for local, in India" ambitions.