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Informist, Thursday, May 21, 2026

 

--Bosch: Geopolitical uncertainties may weigh on demand in Q1
--CONTEXT: Comments by Bosch's mgmt in post-earnings analyst call
--Bosch: Ramping up AI use in plants to drive productivity
--Bosch: Will start getting revenues from JV with Tata AutoComp from Q3 FY28
--Bosch: Co's growth outlook is careful, conservative amid W Asia war

 

By Anand JC and Ruchira Kagita

NEW DELHI/MUMBAI – The ongoing war in West Asia has prompted global technology and engineering major Bosch Ltd.'s guidance for growth across almost all segments, barring two, to be a little conservative and carefully optimistic. "We are a bit cautiously optimistic. Cautious because of the potential headwinds that are in front of us, specifically the West Asia crisis now going on, which could have a serious impact on crude oil prices," its senior management told analysts in a post-earnings conference call Thursday.

 

Bosch expects growth in commercial vehicles, tractors, and three-wheeler automobile segments for 2026-27 (Apr-Mar) to be flat. However, it expects passenger vehicles to grow nearly 6% and two-wheelers around 28%.

 

"The PC (passenger car) segment is expected to record steady growth in FY27 supported by resilient consumer demand. However, geopolitical uncertainties, particularly the West Asia conflict, may weigh on demand in Q1, though the overall outlook remains stable," the company said. 

 

The automotive component supplier reported its March quarter earnings on Wednesday after markets closed. It reported a net profit of INR 5.69 billion on revenues of INR 55.66 billion.

 

Its expenses grew 12.5% on year to INR 49.14 billion for the quarter under review. The company's cost of raw material and components consumed grew 29% on year to INR 13.52 billion. Bosch said it is working on reducing pressure on input costs by localisation and negotiations with suppliers. The company is also using artificial intelligence to increase productivity and efficiency at its plants.

 

Bosch recently announced a strategic 50:50 joint venture with the TSF Group companies comprising Brakes India Ltd. and Wheels India Ltd. The venture will provide products for electric and traditional trucks and buses. Operations are expected to commence later this calendar year, subject to regulatory approvals.

 

The venture will provide product samples to customers in 2027 and will be 'series-ready' by 2028. Series-ready refers to a prototype or technology that has passed testing and is fully optimised for mass production. "We still have to fight to win projects in this thing, we are working on that already," the company said.

 

Bosch and Tata AutoComp Systems Ltd. had announced a 50:50 joint venture in March, which will focus on engineering, manufacturing and sales of eAxle systems and electric motors in India.

 

Bosch expects the standard operating procedure for the joint venture to be ready by the September quarter of FY28. "The first shipments from the JV will happen from the third quarter of next (calendar) year," the company said.

 

At 1124 IST, shares of the company traded almost 5% lower at INR 35,085 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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