Bosch reported a 14% increase in consolidated profit after tax to Rs 466 crore for the first quarter ended June 30, 2024, up from Rs 409 crore in the same quarter last year. Total income rose to Rs 4,496 crore from Rs 4,346 crore. The growth was driven by strong demand in the passenger car segment, despite challenges like election-related slowdowns and heatwaves. Bosch remains optimistic about the automotive sector and plans to focus on localization, alternate fuels, and electric vehicles. This positions Bosch well for future growth and investment opportunities.
