Tuesday, Aug 24, 2004
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By Our Staff Reporter
BANGALORE, AUG. 23. Robert Bosch GmbH will invest some Rs. 1,000 crores in its Bangalore headquartered subsidiary, Motor Industries Company Limited (MICO), to expand domestic business and start manufacturing the company's common rail diesel injection units in India, a senior company official said here today. The first `made-in-MICO' common rail diesel injection units would hit the market in 2006, Bernd Bohr, a member of Bosch's board of directors and the Chairman of its automotive group, told reporters. Of the total outlay "from MICO's own resources,'' Rs. 550 crores would be spent on MICO factories in Bangalore and Nashik, to equip them to make the common rail diesel injection (CRDI) units and components. Lakshiminarayana, Joint Managing Director at MICO, said some 1.5 million `injector components' would be made during the first year of full production. Albert Hieronimus, MICO's Managing Director, said the CRDI pumps would be made in Bangalore and the injector components and injectors in Nashik.
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