Now Reading: Bosch bets on localisation for EV two-wheeler components in India
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Bosch bets on localisation for EV two-wheeler components in India
Bosch bets on localisation for EV two-wheeler components in India
Bosch has localised electric motors and motor controllers for two-wheelers in India since 2021, with investments at its Chennai and Bengaluru plants. Vice-President Manohar Halahali told ETAuto that the company is also…
The Story in Brief
Bosch has localised electric motors and motor controllers for two-wheelers in India since 2021, with investments at its Chennai and Bengaluru plants. Vice-President Manohar Halahali told ETAuto that the company is also investing in vehicle control units and expanding capacity for electronic controls, sensors and anti-lock braking systems.
While electric two-wheeler volumes have risen to around 1.5-1.6 lakh units, Halahali said profitability depends on scale, deeper localisation and reducing supply-chain risks involving China, rare-earth magnets and lithium. He expects the measures to show full impact in six to eight quarters, with a sustainable path for EVs in a couple of fiscals.
The Indian Opinion
The narrative that localisation alone will fix EV economics is overstated. Bosch’s own VP says profitability hinges on volumes and de-risking from China, not just making parts locally. Government schemes like PLI help, but the real test is whether Indian suppliers can replace rare-earth magnets and lithium sources within six to eight quarters. Will the next fiscal show a measurable drop in import dependence, or is this just another long-term promise?
Source: auto.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
