Home FEATURED NEWS Bosch to beat forecasts, double down on India – Handelsblatt

Bosch to beat forecasts, double down on India – Handelsblatt

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BERLIN, Dec 14 (Reuters) – Bosch will beat income forecasts and earn greater than 87 billion euros ($92 billion) in revenues this 12 months, its deputy chief government Christian Fischer advised Handelsblatt in an interview printed on Wednesday.

He added that the engineering firm would rethink its technique in view of the geopolitical crises dealing with the world, together with by growing its publicity to India so as higher to hedge in opposition to dangers from China, the place the agency earns a fifth of its turnover.

“We have to rethink our mid-term investment focuses,” he advised the newspaper. Exposure to China wouldn’t be decreased, he added. Revenues from India exceeded 2 billion euros a 12 months, he mentioned, with development exceeding 30% in each the previous two years.

($1 = 0.9401 euros)

Reporting by Thomas Escritt; modifying by Matthias Williams

Our Standards: The Thomson Reuters Trust Principles.

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