Robert Bosch, the home appliances major said that it plans
to invest Rs 400 crore in its Chennai facility, which currently manufactures
washing machines.
Nair said that we have an investment plan of around Rs 400
crore for our facility in Chennai. Currently, front-loading washing machines
are manufactured at the facility. And it has a capacity to produce over 300,000
units a year. We now plan to utilize the entire plant to manufacture other
products. The Chennai plant is spread over an area of 42 acres.
He added that based on market demand and research, once the
company decides the launch of their next product, the Chennai facility will be utilized
for manufacturing.
A company statement said that "The new 550 sq ft state-of-art
store hosts the entire range of Bosch free-standing and built-in appliances.
With this brand store, Bosch will make the leading German patent application
more accessible to its customers in the Western region.
It said that At the store, the company also introduced Volt
Check feature on the new range of washing machines for Gujarat and other states
of West India. The volt check feature will help identify machine''s behavior based on voltage fluctuations.
Source: http://www.dnaindia.com/money/report-bosch-may-invest-rs-400-crore-in-chennai-manufacturing-unit-2106633