InfoAnda - Engineering giant Bosch to invest $400m in India

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Engineering giant Bosch to invest $400m in India AFP - Tuesday, January 5 Send IM Story Print Engineering giant Bosch to invest $400m in India Slideshow: Full Photo Coverage: Business & Economy NEW DELHI (AFP) - – The Indian arm of German engineering giant Bosch said Monday it would invest more than 400 million dollars over two years to expand in the country's fast-growing diesel engine market. "India is witnessing a strong increase in demand for diesel engines," the company, a major maker of diesel injection systems, said in a statement. "The diesel engine consumes 30 percent less fuel than the gasoline engine, while common-rail technology reduces the pollutant emissions of diesel engines, thus making it possible to meet strict emission standards." Bosch introduced common-rail fuel injection systems in India in 2006, the statement said, adding nearly a quarter of the new investment would be earmarked for research. India is Asia's third-largest car market after China and Japan, where Japanese-owned Maruti Suzuki holds a commanding lead. Indian car sales are expected to cross two million units next year. Bosch Automotive Group chairman Bernd Bohr told a press conference that sales in India grew by five percent to 68 billion rupees (1.4 billion dollars) in 2009. India, which currently accounts for about five percent of the company's global auto business, is likely to account for seven to nine percent of its total auto business by 2017, he said. "India is a very important market for us, and it has been profitable as well," Bohr added. -- Dow Jones Newswire contributed to this story -- Recommend Send IM Story Print Related Articles A look at economic developments around the globe AP - 1 hour 31 minutes ago Stryker rises on analyst upgrade to 'Outperform' AP - 1 hour 41 minutes ago Incentives, small business key to Va.'s success AP - 1 hour 41 minutes ago Calendar of business events scheduled for Tuesday AP - 1 hour 51 minutes ago Towers Perrin and Watson Wyatt complete merger AP - 1 hour 54 minutes ago News Search Top Stories US manufacturing sector sees acceleration Huge tomb found at Egypt's Saqqara pyramid Novartis bids $40 bln for eye-care giant Alcon Sweden's cull of wolves nears its quota British PM Brown named worst-dressed man More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Beat the blues by going to bed early: study British PM Brown named worst-dressed man Sweden's cull of wolves nears its quota Rate hikes could help battle bubbles: Fed chief 'Snowbama' time in Hawaii More Most Viewed » Tiger's wife Elin seeking divorce: reports British priest defends urging people to shoplift Century-old butter found in Scott's Antarctic hut Brazilian confesses to sticking needles into two-year-old More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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