Bosch

July 15 (Reuters) - Repsol SA REP.MC

• REPSOL, TOYOTA, BMW AND BOSCH LAUNCH A 6-MONTH PILOT PROJECT IN SPAIN WITH VEHICLES POWERED BY 100% RENEWABLE PETROL

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Adds details of a related government notification in paragraphs 1 and 4, background in 11-14

By Munsif Vengattil and Aditi Shah

BENGALURU, June 12 (Reuters) - India has scrapped licensing requirements for radio spectrum used by crash-avoidance and self-driving systems in cars, removing a commercial barrier for automakers as it seeks to make some of the world's deadliest roads safer.

India, the world's third largest car market, reported more than 177,000 deaths in nearly half a million road accidents in 2024, latest government data show.

In notices on Thursday, the government waived licence requirements for radar sensors in the 77GHz to 81 GHz frequency band, allowing companies to use the spectrum without separate allocation by authorities.

A separate notice did the same for systems in the 5.9 GHz band, which enable vehicles to communicate with each other and roadside infrastructure.

INDIA ALIGNS WITH GLOBAL STANDARDS

The move aligns India with standards used in the U.S. and the European Union, allowing carmakers to deploy standardised, off-the-shelf hardware rather than build costlier local versions, lowering costs and speeding adoption.

Luxury carmakers Mercedes-Benz MBGn.DE and BMW BMWG.DE, which already offer radar-based driver assistance abroad, can roll out the same systems in India.

Domestic players Maruti Suzuki MRTI.NS, Tata Motors TATM.NS and Mahindra & Mahindra MAHM.NS could more easily introduce advanced driver-assistance systems (ADAS), pushing premium safety features into cheaper models.

Suppliers such as Germany's Bosch BOSH.NS and Continental CONG.DE, and chipmaker Qualcomm QCOM.O, also stand to benefit.

Radar sensors help gauge safe distances and enable features such as emergency braking, adaptive cruise control and blind-spot warnings, forming a foundation for autonomous driving.

Vehicle-to-everything (V2X) systems warn drivers of hazards beyond their line of sight, such as a car braking around a blind curve or an approaching ambulance.

A 2023 government panel said most traffic problems occur in such situations. "Most sensors do not work well in these scenarios and V2X fills the gap," it said.

The panel also recommended adding V2X to India's voluntary Bharat NCAP safety ratings, which assess crash performance rather than mandate specific features.

On India's crowded roads, drivers often face hazards ranging from cattle to pedestrians, while lane discipline and speed limits are widely flouted and weakly enforced.

(Reporting by Munsif Vengattil and Aditi Shah. Editing by Clarence Fernandez and Mark Potter)

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** Shares of Bosch Ltd BOSH.NS fall about 4% to 35,295 rupees

** Stock on track for biggest intraday pct loss since August 5, 2024

** Motilal Oswal says higher depreciation and lower other income offset strong operating performance, leading profit to miss estimates

** Says gross margins contracted 280 bps y/y due to higher input costs, weaker product mix

** Auto components maker reported 2.7% y/y rise in Q4 profit, while revenue grew 13% year-on-year

** YTD stock up 0.29%

($1 = 96.2150 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 20 (Reuters) - Bosch Ltd BOSH.NS, the Indian unit of German auto supplier Robert Bosch, posted a nearly 3% rise in fourth-quarter profit on Wednesday, driven by robust demand for auto parts and consumer electronics.

• Bosch reported net profit of 5.69 billion rupees ($58.77 million) in the quarter ended March, up from 5.54 billion rupees a year earlier.

• Revenue from operations rose 13% to 55.66 billion rupees, while total expenses climbed 12%, led by near 29% growth in cost of materials used.

• India's passenger vehicle, two-wheeler and commercial vehicle sales rose strongly year-on-year in March, helping close the financial year on a firm note, supported by sustained momentum from tax cuts that improved affordability, an auto dealers body said last month.

• Bosch is India's top auto parts maker by market cap, manufacturing components and accessories for cars, two-wheelers and railway systems, among other sectors.

• Its automotive segment, which contributes to the bulk of its total revenue, grew 17% to 48.75 billion rupees.

• "Strong growth in automotive volumes, led by passenger cars and tractors, helped drive fiscal 2025-26 performance, despite ongoing supply chain challenges," Managing Director Guruprasad Mudlapur said, adding that investments in e-mobility and technology would support future growth.

($1 = 96.8200 Indian rupees)

(Reporting by Devika Nair in Bengaluru; Editing by Harikrishnan Nair)

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** Automotive parts maker Bosch BOSH.NS shares rise 0.9% to 36,245 rupees, touching an over 1-month high

** Bosch said on Wednesday it will acquire 100% stake in Bosch Chassis System India for up to 90.69 billion Indian rupees ($979.60 million)

** "In our view, the acquisition is likely to be value-accretive from both an EPS and return-ratio standpoint, supported by the limited equity dilution and substantial cash deployment," - UBS

** Bosch trades at a forward-12-month PE ratio of 40.06 vs industry median of 23.43 - LSEG

** "While part of the growth from Bosch Chassis Systems is reflected in current valuations, additional upside from the implementation of the ABS mandate remains a key driver," UBS added

** Two of 4 brokerages rate the stock "Buy" or higher; their median PT is 37,373 rupees - data compiled by LSEG

** YTD, Bosch down 0.04%

($1 = 92.5790 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

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April 8 (Reuters) - Bosch Ltd BOSH.NS:

• TO BUY 100% OF BOSCH CHASSIS SYSTEMS INDIA FOR UP TO 90.69 BILLION RUPEES

Source text: ID:nNSEbNWfgy

Further company coverage: BOSH.NS

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BEIJING, March 23 (Reuters) - China's Commerce Minister Wang Wentao met with heads of German companies Volkswagen Group and Bosch on Sunday to discuss opportunities and challenges in economic and trade relations between China and the European Union.

Wang emphasised the need to "properly resolve trade frictions through dialogue and consultation during the talks, the ministry said in a statement.

(Reporting by Liz Lee and the Beijing newsroom; Writing by Farah Master; Editing by Jacqueline Wong)

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March 18 (Reuters) - Bosch Ltd BOSH.NS:

• TO ENTER JV AGREEMENT WITH TATA AUTOCOMP FOR E-AXLES AND ELECTRIC MOTORS

• CO AND TATA AUTOCOMP TO EACH HOLD 50% OF JV CO SHARE CAPITAL

• PROPOSED EQUITY SHARE PAID-UP CAPITAL OF JV SHALL BE UP TO 940 MILLION RUPEES

Source text: ID:nBSE7w49Hn

Further company coverage: BOSH.NS

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Feb 17 (Reuters) - Bosch Ltd BOSH.NS:

• BOSCH LTD - APPOINTS TILLMANN OLSEN AS CFO

• BOSCH LTD - KARIN GILGES RESIGNS AS BOSCH CFO

Source text: ID:nNSEc6DmV4

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Feb 6 (Reuters) - Bosch Ltd BOSH.NS:

• BOSCH Q3 NET PROFIT 5.32 BILLION RUPEES

• BOSCH Q3 REVENUE FROM OPERATIONS 48.86 BILLION RUPEES

Source text: ID:nBSE666NZj

Further company coverage: BOSH.NS

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Aug 7 (Reuters) - Bosch Ltd BOSH.NS:

• BOSCH - GOT TAX ORDER FOR DEMAND 1.41 BILLION RUPEES

Source text: ID:nBSE7FqNCs

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Aug 4 (Reuters) - Bosch Ltd BOSH.NS:

• Q1 NET PROFIT 11.15 BILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 47.89 BILLION RUPEES

• APPROVES 40.50 MILLION RUPEES INVESTMENT IN JSW RENEW C&I ONE

Source text: ID:nBSEb05CtR

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July 3 (Reuters) - Bosch Ltd BOSH.NS:

• GETS CUSTOMS DEPARTMENT ORDER PERTAINING TO DISPUTE ON ECU, OXYGEN NOX SENSOR CLASSIFICATION

• FINANCIAL IMPACT INCLUDES 667.2 MILLION RUPEES DIFFERENTIAL DUTY, PENALTY OF 295.8 MILLION RUPEES

Source text: ID:nBSE1YPLtD

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May 27 (Reuters) - Bosch Ltd BOSH.NS:

• BOSCH LTD - FINAL DIVIDEND AT 512 RUPEESPER SHARE

• BOSCH Q4 NET PROFIT 5.54 BILLION RUPEES

• BOSCH Q4 REVENUE FROM OPERATIONS 59.11 BILLION RUPEES

• BOSCH LTD - RE-APPOINTMENT OF MR. GURUPRASAD MUDLAPUR AS MD

• BOSCH LTD - RE-APPOINTMENT OF SANDEEP NELAMANGALA AS JOINT MD

• BOSCH - DISINVESTMENT OF SHARES OF NIVAATA SYSTEMS AT 16,300 RUPEES PER SHARE

Source text: ID:nBSE35nZmK

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March 31 (Reuters) - Bosch Ltd BOSH.NS:

• GETS TAX DEMAND ORDER FOR 183.7 MILLION RUPEES AND INTEREST OF 18 MILLION RUPEES

Source text: ID:nBSE95bNjs

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By Zaheer Kachwala and Jaspreet Singh

BENGALURU, Feb 11 (Reuters) - India's southern state of Karnataka has received investment proposals worth nearly 10 trillion rupees ($115.31 billion), a government spokesperson said, as the country tries to bolster its manufacturing sector and generate jobs in a slowing economy.

The proposed investments would focus on areas such as renewable energy, steel, semiconductors and automobiles, the spokesperson said at the 'Invest Karnataka' event on Tuesday.

To be sure, not all proposals have been confirmed and the government has not provided a timeline for these investments.

The state government aims to implement at least 70% of proposals, up from 40% to 50% after the event's 2022 edition, the New Indian Express newspaper reported last week, citing a state minister.

Companies that have pledged investments included India's Mahindra and Mahindra MAHM.NS and JSW Group, Germany's Bosch BOSH.NS, Japan's Toyota Motor 7203.T and Taiwan-based Foxconn.

Karnataka, which includes the IT hub of Bengaluru, is among the top contributors to India's economy and is a major exporter of software, IT services and manufactured goods.

The investment commitments also come amid New Delhi's push to boost domestic manufacturing and reduce imports as it looks to take advantage of Sino-U.S. tensions that have led companies such as Apple AAPL.O to diversify their manufacturing operations away from China..

Inaugurating the event, Indian Defence Minister Rajnath Singh said India's growing economy and strong consumption make it an investment target, with recent moves like a personal income tax cut set to fuel demand.

The JSW Group, whose business spans industries including cement, steel, paints and energy, will invest 1.2 trillion Indian rupees ($13.84 billion) to expand its operations in the state, Chairman and Managing Director Sajjan Jindal said.

Mahindra, which already has a strong presence in Karnataka, plans to invest nearly 400 billion Indian rupees in the state($4.61 billion) over the next few years, chairman Anand Mahindra said at the event.

($1 = 86.7240 Indian rupees)

(Reporting by Zaheer Kachwala and Jaspreet Singh in Bengaluru; Editing by Tasim Zahid)

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Feb 3 (Reuters) - Bosch Ltd BOSH.NS:

• GOT DEMAND ORDER FOR TAX OF 777.4 MILLION RUPEES AND PENALTY OF 777.4 MILLION RUPEES

Source text: ID:nBSE1rZN5Q

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** Shares of Bosch BOSH.NS falls 5% to 28,289.55 rupees, a seven-month low

** Auto-parts maker reported a ~8% y/y rise in Q3 profit before exceptional items and tax; net profit falls ~12%

** UBS says co missed its EBITDA estimates by 10% on slower revenue growth, sharp q/q rise in employee costs

** "Auto demand outlook continues to be subdued across key segments in near term" - Motilal Oswal

** EBITDA margin was down 70 bps in Q3, impacted by high employee costs; lower other income, higher taxes led to a miss in profit after tax - brokerage

** Stock eyes busiest session in seven months, volumes 7.1x 30-day avg

** Stock down ~16% this month, set for biggest monthly fall since March 2020

($1 = 86.5825 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Jan 28 (Reuters) - Bosch Ltd BOSH.NS:

• APPROVED SALE OF BUILDING TECHNOLOGY'S PRODUCT BUSINESSES TO KEENFINITY INDIA

• SALE OF BUILDING TECHNOLOGY'S PRODUCT BUSINESSES TO KEENFINITY INDIA FOR 5.95 BILLION RUPEES

Source text: [ID:]

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By Sergio Goncalves

LISBON, Jan 6 (Reuters) - The Portuguese state body that promotes investments for export-focused projects garnered deals last year worth 10 times more than in 2023, showing the country remains attractive for foreign companies, the Economy Ministry said on Monday.

The ministry's AICEP division, which offers tax breaks and other incentives for exports and investment, drew 420 million euros ($437.22 million) of such investments in 2024, compared to just 41 million euros in 2023, the ministry said in a statement.

"This important set of contracted investments, in strategic sectors with strong creation of qualified jobs, is proof of investors’ confidence in Portugal," Economy Minister Pedro Reis said.

New projects in 2024 included investments across U.S. semiconductor packaging company Amkor Technology AMKR.O, German engineering giant Bosch and powertrain producer Horse, a joint venture between Renault RENA.PA and Geely that in Portugal produces gearboxes and mechanical components for cars.

Other relevant projects were in the pharmaceutical industry and information technologies.

The new projects are expected to directly create more than a thousand jobs, the ministry said.

It said that the "very significant increase in investment contracts will allow the Portuguese economy to start 2025 with good prospects, in a challenging external environment".

An export push and a tourism boom have contributed heavily to Portugal's recovery from its 2011-14 debt crisis and bailout.

Despite slowing economic activity across the 20-nation euro zone, and political instability in Germany and France, Portugal's economy is expected to grow 2.1% this year after 1.8% in 2024, the government says, with accelerating investment backed by European Union funding, and a rise in exports as well.

AICEP provides incentives, tax breaks and loans from EU cohesion funds to companies only in export-oriented businesses.

($1 = 0.9606 euros)

(Reporting by Sergio Goncalves; editing by Mark Heinrich)

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By David Shepardson

WASHINGTON, Dec 13 (Reuters) - The U.S. Commerce Department said Friday it reached a preliminary deal with German auto supplier Bosch BOSH.NS for up to $225 million in subsidies to build silicon carbide power semiconductors in California that are key for electric vehicles.

The department said the funding will support Bosch’s planned $1.9 billion investment to transform its manufacturing facility in Roseville, California for production of SiC power semiconductors. Commerce is also offering Bosch approximately $350 million in proposed government loans for the project.

The department is tapping the $52.7 billion fund to subsidize U.S. semiconductor production and research approved in 2022. Officials have been racing to finalize terms for major loans in the weeks before President-elect Donald Trump takes office.

Bosch expects to produce its first chips on 200-millimeter wafers in its Roseville facility starting in 2026. SiC chips are key components for automotive, telecommunications, and defense industries. They utilize less energy and are critical for boosting the efficiency of electric vehicle driving and charging, the department said.

In 2023, Bosch acquired key assets of California-based TSI Semiconductors and said producing the chip would "be heavily dependent on federal funding opportunities."

Like other automotive manufacturers, Bosch was hit hard by disruptions to semiconductor production in Asia exacerbated by the COVID-19 pandemic.

In October, the department said it reached preliminary agreement with Wolfspeed WOLF.N for $750 million in grants for its new North Carolina silicon carbide wafer manufacturing plant facility.

Commerce said when the Bosch facility reaches full capacity, the project could comprise more than 40% of all U.S.-based SiC device manufacturing capacity.

"The Roseville investment enables Bosch to locally produce silicon carbide semiconductors, supporting U.S. consumers on the path to electrification,” said Paul Thomas, president of Bosch in North America in a statement.

Representative Doris Matsui, a California Democrat who helped write the 2022 law, said the award to Bosch would allow them to build "essential components for advances in clean mobility, electric vehicles and other clean energy technology."

(Reporting by David Shepardson; Editing by Michael Perry)

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Nov 12 (Reuters) - Indian auto parts maker Samvardhana Motherson International SAMD.NS reported a smaller-than-expected increase in second-quarter profit on Tuesday, hurt by slower demand.

The company, which supplies Maruti Suzuki MRTI.NS, Mercedes Benz, Audi and other automakers, said consolidated net profit rose over four-fold to 8.8 billion rupees ($104.27 million) for the three months ended Sept. 30.

However, that missed analysts' average estimate of 9.15 billion rupees, according to data compiled by LSEG.

Indian automakers reported a decline in shipments to dealers for the first time in more than two years during the July-September quarter, to help manage the excess inventory.

This impacted companies such as Samvardhana Motherson, which makes products like bumpers and mirrors for vehicles and generates 75% of its revenue from the automobile industry.

Its total revenue from operations of 278.12 billion rupees in the quarter also missed analysts' estimates of 281.88 billion rupees, while the 18.2% growth rate was slower than the 28.3% rate in the same period a year ago.

Cost of raw materials and services, a major chunk of the total expenses, jumped 10.7%, pushing total expenses up by 18% to 270.13 billion rupees.

The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) margin was 8.9%, up from 8.5% in the year-ago quarter but down from 9.6% in the previous quarter.

Samvardhana's shares closed about 5% lower after the company reported its quarterly results.

($1 = 84.3975 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Sumana Nandy; Editing by Savio D'Souza)

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Corrects text and instrument codes in paragraph 2 to show Robert Bosch of Germany is a stakeholder, not Bosch Ltd. of India

BRUSSELS, Aug 20 (Reuters) - The European Commission said on Tuesday that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European Semiconductor Manufacturing Company (ESMC).

ESMC is a joint venture between Taiwan Semiconductor Manufacturing Company 2330.TW, Robert Bosch, Infineon IFXGn.DE and NXP NXPI.O.

($1 = 0.9025 euros)

(Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan)

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Aug 6 (Reuters) - Bosch Ltd BOSH.NS:

• BOSCH Q1 NET PROFIT 4.66 BILLION RUPEES

• BOSCH Q1 REVENUE FROM OPERATIONS 43.17 BILLION RUPEES

Source text for Eikon: ID:nBSE9DLlhS

Further company coverage: BOSH.NS

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** Shares of India's Bosch BOSH.NS up as much as 4.5% to hit record high 32,229.50 rupees

** Stock trims some gains to last trade 3.1% higher

** Local arm of German automotive supplier Robert Bosch GmbH reported ~42% rise in Q4 net profit after market close on Friday, on higher demand for its products such as auto parts and accessories

** BOSH snapped three straight weeks of gains at the end of Friday's session, closing 0.6% lower for the week

** Trading vols at 1.8x the 30-day avg

** YTD, stock has gained ~43%

(Reporting by Hritam Mukherjee in Bengaluru)

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BENGALURU, May 24 (Reuters) - Bosch BOSH.NS, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 41.5% climb in fourth-quarter profit on Friday, helped by better demand for its automotive products and consumer goods.

Net profit rose to 5.65 billion rupees ($67.99 million) in the quarter ended March 31 from 3.99 billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others.

India's total vehicle production during the January-March period rose over 21%, which in turn also helped expand the auto parts demand.

"The resilient uptick (in revenue in the year) was fuelled by increased demand for passenger cars and consumer goods product segment," company said in a statement.

Revenue from operations grew 4.2% to 42.33 billion rupees, pushed up by 2.8% rise in the moneymaker automotive products segment, while smaller consumer goods segment grew 10.1%.

Total expenses rose 3.6% in the quarter.

Shares of Bosch closed down 0.1% ahead of results, while it had gained 38.9% in the year so far.

($1 = 83.1000 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Nivedita Bhattacharjee)

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Updates to reflect analyst's revised estimate in paragraph 3

By Bharath Rajeswaran

BENGALURU, May 15 (Reuters) - India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.

With this, India has further narrowed the gap with China on the index. While China's weightage in the index will fall to 25% from 25.4%, India's weight will rise to 19% from 18.2%. The changes, announced on Wednesday, will be effective May 31.

The May review will lead to about $2 billion - $2.5 billion inflows into India, Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research said.

Consistent flows from domestic institutional investors and steady participation by foreign investors means that there is potential for India to surpass 20% weightage in the MSCI Global Standard index by the second half of 2024, Pagaria said.

With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country.

India's rising prominence in emerging markets is due to robust performance of its equities, particularly in the mid-cap segment, amid the relative underperformance by other emerging markets, especially China, analysts have said.

MSCI will add 13 Indian companies, the most among emerging markets, to the Global Standard Index from May end.

These include JSW Energy JSWE.NS, Canara Bank CNBK.NS, Indus Towers INUS.NS in the large-cap segment, and Mankind Pharma MNKI.NS, Bosch BOSH.NS, Solar Industries SLIN.NS, NHPC NHPC.NS, Torrent Power TOPO.NS, Thermax THMX.NS, Jindal Stainless JIST.NS and Sundaram Finance SNFN.NS in the mid-cap index.

Phoenix Mills PHOE.NS and PB Fintech PBFI.NS have been upgraded to the mid-cap index from small-cap by MSCI.

Berger Paints BRGR.NS will be removed from the MSCI index while Indraprastha Gas IGAS.NS and Paytm's parent One 97 Communications PAYT.NS have been downgraded to the small-cap index from the mid-cap index.

Housing Urban Development Corp HUDC.NS and Waaree Renewable Technologies WAAE.BO have been added to the small-cap index.

Separately, 29 Indian stocks have been added to the MSCI Domestic index while 15 have been moved to other categories or removed.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)

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** Zydus Lifesciences ZYDU.NS, Hero Motocorp HROM.NS, NHPC NHPC.NS, Bosch BOSH.NS, JSW Energy JSWE.NS are probable large-cap entrants in upcoming Association of Mutual Funds in India's (AMFI) size reclassification, as per Nuvama

** AMFI updates classification of companies based on market capitalisation changes semi-annually, with the next update due July

** Nuvama Alternative & Quantitative Research anticipates large-cap cut-off to be about 820 bln rupees vs 670 bln rupees as of December 2023

** Nuvama sees Marico MRCO.NS, Berger Paints BRGR.NS, SBI Cards SBIC.NS, SRF SRFL.NS and Polycab India POLC.NS likely to be moved to mid-cap from large-cap

** Research house expects MRPL MRPL.NS, Housing and Urban Development Corp HUDC.NS, BSE BSEL.NS as potential mid-cap entrants

** NHPC shares up 1.7%, ZYDU down 0.1%, HROM down 0.7%, BOSH down 0.05%

(Reporting by Sethuraman NR in Bengaluru)

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BEIJING, March 12 (Reuters) - German automotive supplier Bosch has won approval to start construction on the second phase of a research, development and assembly centre in Suzhou, in the eastern province of Jiangsu, the Suzhou Industrial Park said in a statement on Tuesday.

The second phase of the Suzhou facility for NEV components and self-driving R&D with investment totalling more than $1 billion came after the first phase that is expected to begin trial production in September before volume production early next year, the statement showed.

(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Christopher Cushing)

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Feb 13 (Reuters) - Bosch Ltd BOSH.NS:

• APPROVED INVESTMENT OF 43.70 MILLION RUPEES IN AMP ENERGY C&I EIGHT

Source text for Eikon: ID:nNSE7srYc5

Further company coverage: BOSH.NS

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