The quarter’s financials bore the brunt of Bosch’s adaptation to current technological changes Bosch Ltd’s shares rose 2.4% despite reporting weak March quarter (Q4FY20) results.
Investors believe Bosch is among those component makers that would gain from the auto sector’s transition to BS-VI emission norms.
Revenues are expected to ramp up on the back of higher “content per vehicle". Note that a few months ago, the firm had stated that BS-VI will open up new projects worth ₹24,000 crore that will fructify in the coming years.
According to Bharat Gianani, auto sector analyst, Sharekhan, the 18% year-on-year (yoy) drop in net sales in Q4 was far lower than the drop in volumes of original equipment manufacturers (OEMs), which reflects higher