Bosch Plans to Sell Car Parts to Tata Motors
January 2, 2008
Car parts supplier Bosch plans to sell electronics systems, brakes and fuel injection systems to Indian automobile manufacturer Tata Motors as part of its plans to earn E1 billion by 2010 by tying up with the makers of cheap cars, reported Reuters, citing auto motor und sport magazine as its source.
Albert Hieronimus, chief of Bosch’s Indian operations, said: “The low-price-vehicle-segment is growing faster in Asia and the emerging economies than any other segment, including the premium markets.”