Bosch has announced that it will invest over Rs 1,000 Crores to localise advanced automotive technologies in the next five years. The company also launched its mobility marketplace to provide its mobility-related assets on just one platform.

The company will continue to invest in India to expand its portfolio close to 7 per cent of total net sales. Bosch’s Beyond Mobility business works to the highest international standards of manufacturing, product, and service quality to develop indigenous, affordable, and India-specific innovations, the company said in a statement. Bosch also said that it has always concentrated on technologies for a mobility experience that is economical, safe and secure, convenient and exciting in the future. This will be accomplished via new platforms to meet changing necessities of legislation and user experience, it added.