CURRENT AFFAIRS

Detailed explanation-1: -Bosch Home Appliances will invest €100 million over the next 3-4 years in personalising solutions, brand-building, strengthening its technology centre and UX studies, and setting up a robust refrigerator factory in India.

Detailed explanation-2: -Bosch Ltd will invest more than Rs 200 crore in India in the next five years in advanced automotive technologies and in the digital mobility space". According to Bosch Ltd Chairman Markus Bamberger, the company’s markets are in flux due to “climate action, electrification, automation, and connectivity".

Detailed explanation-3: -Automotive components major, Bosch India said on Wednesday that it is investing around Rs 800 crore on its Adugodi facility in Bengaluru to turn it into an end-to-end smart campus, which will be inaugurated in 2022, when the German company completes 100 years in India.

Detailed explanation-4: -Founded in Germany in 1967 as a joint venture of Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich), BSH has been 100% owned by the Bosch Group since January 2015. We have grown enormously in our over 50-year history.

Detailed explanation-5: -BSH Home Appliances, which manufactures and sells products under Bosch and Siemens brands, aspires to be a Rs 5,000 crore company in India by 2026 by increasing its market addressability with expansion of product line-up, a top company official said.