Bosch Power Tools celebrates silver jubilee and completes an eventful journey to become India's leading power tools manufacturer

Bosch Power Tools Celebrates 25 glorious years in India Bosch Power Tools was established in India in 1993 as erstwhile MICO with its first assembly line facility in Adugodi, Bangalore Bosch sets up full- fledged state-of-the-art manufacturing facility in Chennai

Published On: 2019-02-04

Hyderabad,India-Bosch Power Tools India, leading manufacturer and marketer of power tools for construction, wood working    and metal working industry,completed 25 successful years in India today.

Bosch Power Tools began its India operations 25 years ago in 1993 and was founded on the principle of “Workshop for    Precision Mechanics and Electrical Engineering” and providing users with affordable solutions for a better life.

In short,Bosch created technology that is “Invented for life. Over the years, the idea of excellence and core success factors            came to include employee development and growth, technical skills and innovative solutions.

Commenting on the occasion, Panish PK, Regional Business Director - India and SAARC – Bosch Power Tools said,        For over a quarter-century, Bosch Power Tools in India has been a steadfast business partner to several organisations and continues to actively support the cause of nation-building. As we complete 25 years of making a difference in India, we    celebrate our coming of age and are proud of the profound impact we have made to our customers, our people and our communities. It is now going to be our continued focus to improve the lives of our users which are the tradesmen and artisans with affordable solutions for a better life.

He further added, We have introduced innovative and affordable products recently, which have been in heavy demand from our users which are the tradesmen and artisans across the country. The new introductions are a testament to our continued efforts      to anticipate our customers' needs and provide state-of-the-art products that result from the high quality research, evaluation of customer feedback and our traditional strength of high quality standards, policy and practices. Over the years, guided by our values, we have strengthened our capabilities considerably, cultivated lasting trust and relationships across our business ecosystem, while staying true to our strategic direction and the vision to make a real difference.

In line with Bosch‘s local-for-local strategy, the 15th manufacturing facility is located in Oragadam, Chennai. The new local manufacturing facility  enables production of advanced Power Tools that are innovative and high quality products at competitive cost to meet the region-specific demands of the customers in India. The location also provides further options to ramp up capacity in the medium-term based on the needs of the Power Tools business. All the shop floor associates at the Chennai manufacturing plant are women, working across 3 shifts

The company has grown its revenue base exponentially over the years.The past decade in itself has made the journey more interesting. The company‘s initial leaders have since been followed by a succession of young and bright frontrunners who went  on to create new avenues of growth and demonstrated the company’s strength through excellent teamwork, Thus, from a few handful associates 25 years ago, Bosch Power Tools is now a proud family of thousands of professionals, spread across the length and breadth of the country.

Bosch Power Tools is very proud to have achieved many milestones and truly believes that who they are today and how Bosch continues this journey will shape the next 25 years of the story. As the customer base grows, Bosch works with their people and partners to create new opportunities, Bosch Power Tools story in India will always be at the cusp of transformation.

About Power Tools:

The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, power tool accessories and measuring tools. In 2016, its roughly 20,000 associates generated sales of 4.5 billion euros, about      85 percent of which outside of Germany. With brands such as Bosch and Dremel, the division stands for customer focus and great engineering progress. The core success factors are innovative strength and pace of innovation. The division generated about one third of its sales in 2016 with products that have been on the market for less than two years. In 2017, Bosch Power Tools will again launch more than 100 new products onto the German market in its four business segments power tools, accessories, measuring tools and garden tools.

Additional information is available online at 
www.bosch-pt.co.in

About Bosch Group

The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy Page 5 of 5 and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected industry. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud,   to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to create solutions for a connected life, and to improve quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 450 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs 62,500 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH. Additional information is available online at www.bosch.comwww.iot.bosch.comwww.bosch-press.comwww.twitter.com/BoschPresse.

 

 

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He further added, We have introduced innovative and affordable products recently, which have been in heavy demand from our users which are the tradesmen and artisans across the country.
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