Bosch Limited, a supplier of technology and services and products for the automotive original equipment manufacturers, on Thursday announced that it would invest Rs 300 crore in 2012 for expansion of Nashik facility, according to a BS report.
This is part of the Rs 2,200 crore investment for the entire Bosch Group in India that was announced in early January this year. The funds will go towards capacity expansion, increase in production space along with increase in the workforce. In the wake of improved diesel injection equipment demand, Bosch has invested substantially in Nashik factory on enhancing capacity. Production of Common Rail Injection systems has gone up by 60 percent, said the report. The production of nozzle holders has gone up by 20 percent.
The production space has gone up to the tune of 35,000 square meters to meet the expansion plan. Apart from production space, funds have also been allocated for a new office building. The newly constructed office building is expected to accommodate 140 persons. In terms of human reosources, the year 2012 will see the recruitment of over 400 persons in different areas of work, said Gopikumar, Vice President, Commercial, Bosch Limited Nashik Plant.