According to the German engineering giant Robert Bosch Engineering and Business Solutions Ltd (RBEI), a leader in terms of automotive components, it is setting up a centre for powertrain electronics in India which will work with Bosch's Diesel and Gasoline Systems - Electronic Controls (DGS-EC) business unit.
Media reports say, the company plans to hire over 800 engineers in Bangalore and Coimbatore over the next two years and spend around Rs300 crore on expansion plans over the same period.
The company is overall, planning to hire a total of 1,700 engineers in 2011, including the engineers hired for DGS-EC.
According to the reports, the India centre would be the first global centre for DGS-EC outside of Germany.
The report quoted Walter Grote, senior vice-president, DGS-EC, as saying that it would not be possible for the company to run all the operations from one single country. He added, the company would need to decentralise.
The report said that according to Grote, the future was bright for the company as even by 2020 when around 100 million cars are expected to be manufactured worldwide, only around 2 to 3 million would be pure electric vehicles and the rest would be hybrids, that use a combination of electric motors and an internal combustion engine.