Bosch’s Outlook Improves; To Reach FY19 Revenue Levels In FY22: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We hosted the senior management of Bosch Ltd. The discussions were on the business, its preparedness for technological disruptions, and the production linked incentive opportunity. Key takeaways-
The outlook has improved from initial expectations as the recovery has been better. It expects FY22 revenue to be similar to FY19 levels.
The company expects electrification to start with two-wheelers/three-wheelers and has relevant solutions for electric two-wheelers, three-wheelers and light commercial vehicles.
Of the four PLI schemes for Auto, the company would benefit from three of them (excluding the original equipment manufacturer scheme).
The group, it indicated, can claim up to $1 billion under this scheme. It will work on these schemes once the final details are out.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.