New Delhi: With the global thrust increasing on the electrification of vehicles, traditional automotive majors are trying to turn all the corners to sustain their position at the times of transition.
Bosch, the global leader in auto component space, is one such company trying hard to move fast towards capturing the emerging opportunity in electric and connected technology.
The Indian subsidiary of the German giant, which already has its second-largest R&D centre in India with over 18,000 engineers, is looking to add 10,000 engineers in the next few years with an aim to beef up its work around the internet of things (IoT).
These engineers will not only serve the local customers but will also serve the international market.
“We have invested a lot of money on IoT, especially to provide mobility solution, and we see a strong future in this area. Today, a car is looked at as the third living space, being first your office and second home. Bosch is working towards this by making connected, automated and shared vehicles, said Soumitra Bhattacharya, MD, Bosch & president, Bosch Group India.
“From your car, you will have an equal form of connectivity as you have from office or home. Bosch is giving solutions in seamless manners,” he added.
The German giant is also on its way to decide if it will manufacture or source batteries.
“The Global board is yet to take a decision whether we will go into actual manufacturing or outsource batteries for electric vehicles. As said we are fully there, and on batteries, we will decide soon,” he added.
India contributes only a little above 3% of the total revenue of Bosch but strategically it is important and the company sees the contribution going up.
Talking about the investment in the plant, Bhattacharya informed ETAuto that they will be investing Rs 500-800 crore each year for the next two years.
The German automotive giant, which has a substantial share of revenue coming up from internal combustion engine (ICE) engine, is not too optimistic on electric vehicles in the near future.
“Internal combustion engine, gasoline, CNG or ethanol will have long-lasting time. It is much worth to invest in any kind of efficiency improvement in these engines,” informed Jan Oliver Rohrl, CTO – Mobility Solutions, Powertrain, Bosch.
By 2030, the electric vehicle will be only 10% of the total vehicle globally under the present circumstance, believes Bosch. And even in the best-case scenario the auto component maker don’t expect it to exceed 18% of the total vehicle in the world.
“While electric vehicles will leapfrog and grow into a substantial number, yet ICE will remain a dominant technology for mobility,” asserts Bhattacharya.
He also explains that diesel with BS-VI will help us jump a gap of six years and later when RDE (Real-time Driving Emission) is implemented, we will leapfrog further and bridge the gap in particulate matter.