New Delhi, Feb 3: Bosch India, a leading supplier of technology and services, would be displaying its vehicle tracking Intelligent Transport Management System (iTraMS) at Auto Expo 2016 here. iTraMS has extraordinary features such as tracking of vehicles’ location, condition monitoring and performance analysis. Also Read - Bosch Q3 net profit rises 19.34 pc to Rs 335.37 cr
“Bosch’s iTraMS platform is a connectivity solution tailored to the Indian market. It provides accurate vehicle information on your smartphone and can immensely reduce everyday driving cost,” a member of the board of management at Robert Bosch GmbH, Markus Heyn said. (ALSO READ: Renault to unveil new editions of Duster, Kwid at Auto Expo) Also Read - Bosch to invest 100 million euros in next 3-4 yrs in India
Bosch would continue its innovation drive, which are beneficial and applicable across wide spectrum, he added. In India, the company has over 14,000 research and development engineers and had filed over 200 patents in 2015. The company has invested around Rs 3,000 crore in last three years and would continue its momentum here, he said. Also Read - Sensex down 64 points, Nifty ends above 10,500
“We believe in the further growth potential and further growth of the industry and therefore we have invested very heavily but he market has not developed very strongly in the last years,” Managing Director at Bosch India Steffen Berns said. In 2014, Bosch earned a revenue of Rs 9,570 crore.