NEW DELHI: Automotive components giant Bosch plans to spend more than Rs 9 billion in capital expenditure this fiscal as it plans to invest in developing future technologies, including internet business solutions.

The Bengaluru-based company, which specializes in developing local solutions for the Indian market, is leading the change in the Internet of Things (IoT) era.

Soumitra Bhattacharya, President and Managing Director, Bosch Group India “Bosch India started its ‘Internet’ journey a few years ago,” he said. We have been investing in the region and the investment will be over Rs 90 crore in 2017-18.” Yes,” he said. Here.

He added that about 15% of the allocated capex this year will be spent on R&D activities.

Bhattacharya “The region accounts for more than 30% of the Group’s R&D engineering workforce, making Bosch India the largest center outside Germany with 18,500 engineers.”

A local R&D center was also announced for the development of microclimate monitoring systems (MCMS). This will help in communicating important information such as particulate NOx, carbon monoxide and other environmental pollution parameters.

Robert Vijay Ratnaparkhe, Managing Director and President “When almost all aspects of daily life are interconnected and compatible, it makes sense to have the exact environmental quality level indicators needed to design optimal environmental quality levels.” :Bosch Engineering and Business Solutions has excellent living and working conditions. ‘

He added that in the age of the Internet of Things, where all devices are connected and communicate with each other, air quality monitoring is just one of many technologies.

Ratnaparkhe “Bosch India’s R&D journey will have momentum as India is one of the three places where our global team has decided to set up an AI center.”

For Bosch, AI products are expected to account for 10 percent of the group’s global sales over the next five years.

Today, the company launched a range of connectivity solutions for industries such as automotive, agriculture, and environmental monitoring.