Bosch Limited’s net income for the fourth quarter of FY23 grew by 22.7 per cent to ₹4,063 crore. The supplier of technology and services saw its net profits move up by 13.72 per cent to ₹398 crore compared to ₹350 crore in Q4 FY23. Additionally, the automotive aftermarket division rose by 15.3 per cent, and the Beyond Mobility Solutions sector recorded a 14.1 per cent increase in sales. Bhattacharya said, “Going forward, we anticipate moderate growth in India’s GDP, which will likely lead to a 5 to 6 per cent increase in the automotive market. With this in mind, we expect total revenue from sales to grow around 15 per cent.”

Source: The Hindu May 11, 2023 20:00 UTC