Bosch floats new JV for production of filters
05 Jul 2005
Bangalore: Auto component major Bosch Group has formed a six-million Euro (Rs35 crore) joint venture with Germany''s Mann+Hummel GmbH for development and production of filters for the Indian as well as export markets.
The joint venture, in which both the partners hold 50 per cent stake each, will produce fuel filter systems as well as oil, fuel, air and cabin filters at Tumkur in Karnataka.
The company''s activities will be focused primarily on the Indian market, to provide optimum support with applications and supply of original equipment to the rapidly growing local automotive industry.
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