Latest news with #BoschLimited
Business Upturn
2 days ago
- Automotive
- Business Upturn
Bosch faces customs duty and penalty demand of over Rs 96 crore over import classification dispute
By Aditya Bhagchandani Published on July 3, 2025, 15:54 IST Bosch Limited has informed stock exchanges that it received an order from the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai, imposing a differential duty of ₹66.71 crore and a penalty of ₹29.57 crore. The order, which Bosch received on July 2, 2025, pertains to disputes over the classification and duty benefits claimed on imports of specific components, including ECUs, Oxygen Nox sensors, and various other sensors. According to Bosch, the customs authorities raised the following key points in their order: Wrongful availment of duty benefits under Notification No. 50/2017-Cus for imports of 'Rot Speed Sensor', 'Knock Sensor', and 'Phase Sensor'. Incorrect classification of ECU, which should have been classified under a different tariff heading. Incorrect classification of 'Oxygen Nox Sensor', which should also have been classified under another heading. The total impact on Bosch amounts to ₹96.29 crore, combining the differential duty and penalty amounts. The company has not commented on whether it plans to challenge the order. Bosch emphasized that it has disclosed the matter in compliance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The company assured that it will continue to keep stakeholders informed about any significant developments on the matter. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
2 days ago
- Automotive
- Business Standard
Bosch shares rally 5% to hit 6-month high; regains ₹1 trillion market cap
Bosch Limited share price: Share price of Bosch Ltd. hit a six-month high of ₹33,999, as they rallied 5 per cent on the BSE in Thursday's intra-day on expectation of improvement in demand outlook. The company regained the market capitalisation of ₹1 trillion. The stock price of the auto ancillary company is trading at its highest level since January 6, 2025. It had hit a 52-week high of ₹39,052 on October 9, 2024. The stock recovered 31 per cent from its 52-week low level of ₹25,938.20, which it had touched on April 7, 2025. At 11:49 AM; with market cap of ₹1 trillion, Bosch was trading 4.5 per cent higher at ₹33,925 on the BSE, the exchange data shows. Track LIVE Stock Market Updates Bosch outlook With India's heightened focus on infrastructure development, Bosch is well-placed to capitalize on the substantial growth opportunities. Meanwhile, according to media sources, the Indian government has approved a new mandate requiring all new two-wheelers -- scooters, motorcycles, and bikes -- to be equipped with anti-lock braking systems (ABS), regardless of engine capacity, starting January 1, 2026. This regulation extends the current requirement, which applied only to models 125cc and above, to the entire two-wheeler segment. The move aims to significantly reduce road accidents and fatalities, particularly head injuries, as two-wheelers account for a significant portion of both accidents and deaths on Indian roads. Continuing the company's aim to elevate motorcycle safety, Bosch said that the company introduced MSC - Motorcycle Stability Control for the Indian market reaching a wider group of motorcyclists. According to ICICI Securities, this will provide new opportunity for the ancillary space with annual opportunity size pegged at ₹3,000-₹6,000 crore with major beneficiaries being Bosch and Endurance Technologies among others. Bosch's the NOx sensor line at Bidadi is likely to scale up to 2.1 million sensors by 2027. The company has indicated that this production line is made in India for global requirements as well. However, the company has not applied for a PLI incentive for this product. Exports remain a high-priority business for Bosch in India. It continues to export spark plugs and injectors. With the new NOx line ramping up, the company would start exporting these sensors in due course. While there are multiple global headwinds currently, management expects exports to grow in FY26, Motilal Oswal Financial Services said in the Q4 result update. Sector outlook Government initiatives to address the consumption slowdown by improving disposable income through a reduction in income-tax rates, aggressive interest rate cuts and a favourable monsoon outlook augur well for demand recovery around the festive season quarter of Q2FY26F. Analysts at InCred Equities expect sales volume growth to improve by 240 basis points (Bps) year-on-year (Y-o-Y) to 9.5 per cent for the overall automobile sector, aided by cars & commercial vehicles (CVs), as their demand is most sensitive to interest rate cuts. The Pay Commission benefits to government employees in FY27 to aid in building up this momentum. The 2W demand momentum can be sustained, if not hindered by unfavourable policy moves. About the Bosch Group The Bosch Group is a leading supplier of software, technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy & building technology. The Group boasts its largest development centre outside of Germany in India, which offers comprehensive engineering and technology solutions.
Hans India
28-05-2025
- Automotive
- Hans India
Bosch clocks 2 pc decline in Q4 net profit at Rs 554 crore
Bosch Limited on Wednesday reported a 2 per cent decline year-on-year (YoY) in its consolidated net profit for the fourth quarter ending March 31 (Q4 FY25), with profit after tax (PAT) standing at Rs 554 crore. This is down from Rs 564 crore recorded in the same period last year (Q4 FY24), according to its stock exchange filing. For the full financial year FY25, Bosch reported a 19 per cent decline in consolidated net profit, which dropped to Rs 2,013 crore from Rs 2,490 crore in FY24. However, the company saw a healthy rise in its revenue from operations, which increased to Rs 4,911 crore in Q4 from Rs 4,233 crore in the corresponding quarter of the previous fiscal. The company's annual revenue showed strong growth, rising to Rs 18,087 crore from Rs 16,727 crore the year before. Bosch also noted a rise in total expenses during the quarter, which grew by around 15 per cent YoY to Rs 4,369 crore from Rs 3,798.9 crore. Bosch Managing Director Guruprasad Mudlapur said the company closed the financial year with robust revenue growth and improved sales across all business segments, despite market challenges. "Amid a challenging business environment, we concluded FY24-25 with strong revenue growth and increased sales across businesses," Mudlapur stated. He added that India is set to become a major automotive hub, with increasing focus on digitalisation, electrification, and sustainable mobility. "In the coming years, we expect substantial growth in India as a strategic market, with an accelerated shift towards digitalisation, electrification and sustainable mobility," Mudlapur added. Looking ahead, Bosch is optimistic about growth in the Indian market. The board has recommended a final dividend of Rs 512 per equity share of Rs 10 each, pending shareholder approval. Additionally, the board has reappointed Mudlapur as Managing Director for another two-year term starting July 1, 2026. Bosch shares were trading at Rs 31,355 on the National Stock Exchange (NSE), down Rs 1,130 or 3.48 per cent.
