Bosch may invest Rs 400 crore in Chennai manufacturing unit

Home appliances major Bosch said it envisages to invest Rs 400 crore in its Chennai facility, which currently manufactures washing machines.

Bosch is planning a major investment in its Chennai facility, Head, Brand (Stores), V Ranjith Nair said.

The senior company executive was in the city to launch Bosch's first brand store in Gujarat.

"We have an investment plan of around Rs 400 crore for our facility in Chennai. Currently, front-loading washing machines are manufactured at the facility. And it has a capacity to produce over 300,000 units a year. We now plan to utilise the entire plant to manufacture other products," Nair said.

The Chennai plant is spread over an area of 42 acres.

Based on market demand and research, once the company decides the launch of their next product, the Chennai facility will be utilised for manufacturing, he added.

"The new 550 sq ft state-of-art store here (Vadodara) hosts the entire range of Bosch free-standing and built-in appliances. With this brand store, Bosch will make the leading German patent application more accessible to its customers in the Western region," a company statement said.

At the store, the company also introduced Volt Check feature on the new range of washing machines for Gujarat and other states of West India. The volt check feature will help identify machine''s behaviour based on voltage fluctuations, it said.