Bosch aims to double autoparts sales in Asia-Pacific
TOKYO -- Autoparts giant Robert Bosch seeks to double sales in the Asia-Pacific to 22.2 billion euros ($30.41 billion) by 2020, the head of regional operations said Friday.
The German company will put emphasis on strengthening transactions with Japanese automakers, which have carved out a strong presence in members of the Association of Southeast Asian Nations, Peter Tyroller said.
Bosch is erecting its first plant in Indonesia, a market in which Japanese automakers continue to advance, and is slated to start producing engine components by year's end. In the overall Southeast Asian region, this will be its sixth site. The company is spending 10 million euros on the project.
In Thailand, it opened its second facility at the end of last year, making brake components and other products.
In India, the company will spend 160 million euros to expand research and development operations for control software. Bosch seeks to use the South Asian nation for developing low-cost technologies, Tyroller said.
With Japanese rival Denso also building its third Indonesian plant, competition among autoparts makers in Asia will likely heat up.