Bosch, a leading auto component company, is planning to invest Rs 2,200 crore in the next fiscal in capacity expa?nsion, diversification and tech?no?logy development. It is wor?king on several new proje?cts and looking at exp?a?nding its plants in Nashik, Jaipur, Ahme?da?bad, Coimbatore and Ben?galuru to cater to the gro?wing auto industry de??m?and. While its new hyd?raulic manu?facturing plant is co?ming up in Sanand, Gujarat, a greenfield ele?ctrical drive plant in Chen?nai will begin operations in 2012.
The company is also loo?king to hire more to boost R&D and stepping up exports.