|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21,498.50 - 21,800.00|
|52 Week Range||16,366.05 - 21,850.00|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||29.94|
|Earnings Date||Feb 12, 2024 - Feb 16, 2024|
|Forward Dividend & Yield||480.00 (2.22%)|
|Ex-Dividend Date||Jul 14, 2023|
|1y Target Est||N/A|
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Bosch Ltd, the Indian arm of German automotive supplier Robert Bosch GmbH, is looking to boost manufacturing in India over the next two to four years, the company's financial chief said on Tuesday. The technology supplier plans to increase the percentage of goods produced locally in India to bring down its imports of components, which had led to an increase of 12% in spending on traded goods last quarter. "Currently, we have roughly 54% traded goods and 46% manufactured goods," CFO Karin Gilges said in a press conference, adding Bosch plans to change this ratio in favour of the manufactured goods to align with country's "local for local, in India" ambitions.
Surging inflation and worries of a global economic slowdown have left several multinational firms cautious of their growth prospects this year, as people cut back on discretionary spending. "There are possibilities of a global recession, and India will not be immune to these impacts," Managing Director Soumitra Bhattacharya said in a statement. Bosch's net profit rose to 3.19 billion rupees ($442.30 million) for the three months ended Dec. 31, up from 2.35 billion rupees a year ago.