Auto Parts & Equipments company Bosch announced Q1FY24 results: Total revenue from operations in Q1FY24 is up 17.3% over Q1FY23. Profit Before Tax (PBT) stood at Rs 533 crore (60 million euros) which is 12.8% of total revenue from operations, an increase of 21.7% over Q1FY23. The Profit After Tax (PAT) stood at Rs 409 crore (46 million euros) which is 9.8% of revenue from operations. Scheduled to showcase the BS6 stage 2 hydrogen engine truck by early 2024. The Powertrain Solutions business registered a growth of 12.5% over Q1FY23, outperforming the overall automotive market growth. “We are optimistic about the future as we navigate a rapidly changing global market with positive trends in the Indian automotive industry which is witnessing a shift towards premium vehicles and cleaner fuel options and electrification. Hence, embracing change is crucial and we are ready to leverage technological advances to cater to the evolving consumer preferences,” said Guruprasad Mudlapur, Managing Director, Bosch and President of Bosch Group in India. He added, “With India emerging as a promising market and our focus on green hydrogen and innovative automotive offerings, Bosch is well-positioned for growth and success in the year ahead.” Result PDF