Mumbai, April 8 Bosch Group's flagship firm, Bosch Limited, announced on Wednesday that it intends to acquire 100 per cent of its vehicle motion business, Bosch Chassis Systems India, through a cash deal and the issuance of equity shares on a preferential basis.
This move positions Bosch with a more comprehensive mobility portfolio, enabling it to better cater to the evolving demands of the domestic automotive sector, the company said.
Bosch Chassis Systems India Private Limited represents the business of Bosch's vehicle motion division in India and is one of the market leaders in automotive safety systems.
The transaction will strengthen Bosch's capabilities, enabling it to further invest in critical domains like safety and braking, in addition to its strong presence in power solutions, it said.
The boards of the Bosch Group, Bosch Limited, and Bosch Chassis Systems India Private Limited have approved these transactions, and it is now subject to approval from Bosch Limited shareholders, it said.
Following this approval, Bosch Chassis Systems India Private Limited will become a 100 per cent subsidiary of Bosch Limited.
"Adding Bosch Chassis Systems India Private Limited, with its future-ready vehicle motion solutions business, into Bosch Limited demonstrates our organizational belief in enhancing the company's growth trajectory through portfolio diversification," said Guruprasad Mudlapur, President of the Bosch Group in India, and Managing Director, Bosch Limited.
Following the acquisition, Bosch Chassis Systems India Private Limited will continue to operate as an independent entity, with its governance driven by Bosch Limited, the company said.
Bosch Chassis Systems' offerings include active safety (anti-lock braking system, electronic stability control, and new braking systems), passive safety (airbag ECU and sensors), and actuation braking systems for passenger cars, two-wheelers, and commercial vehicles.
"In India, we expect the mobility landscape to evolve radically by 2030 and beyond with sustainable, safe, and exciting technologies. To foster a customer-first mindset and pivot from supplying individual components to delivering future-ready platform solutions, it is imperative to unite our forces and adopt an integrated approach," said Sandeep Nelamangala, Joint Managing Director, Bosch Limited, and President, Bosch Mobility India.