Bosch India, a leading manufacturer of goods and services for the automotive sector would be entering the Rs 200-crore market of solar water heaters from February. Headquartered in Bangalore, this division would be catering to customer bases in Bangladesh and Sri Lanka as well.
Vidyasagar Halingali, country head, of the Thermo technology Bosch says the companies hopes to capture 10-15 per cent of the market in the next 2-3 years.
The first roll out would constitute solar panels and the solar heating system and Karnataka, Maharashtra and the NCR region would be the main markets. Halingali stated that while the technology and critical components would be provided by Bosch, the installments would be done at the dealers end.
Click here to read the full story.
