Bosch Ltd

- There is no specific mention of any current or future fundraising through debt or equity in the transcript. - Capex planning and investments are stated to be independent of PLI (Production Linked Incentive) scheme approvals. - Bosch Limited plans to invest in localization and capex as and when feasible and profitable, aligning with production volumes and market needs. - The company emphasizes prudent capex decisions to avoid early localization that could negatively impact margins. - No direct comments were made regarding raising funds via debt or equity during the call.

- Bosch’s capex planning is not directly tied to DVA approvals under the PLI scheme; investments are made based on localization feasibility and profitability. - The company is investing significantly in localization, especially for new technologies like NOx sensors (start of production April 2025) to reduce imports and improve margins. - Capex range historically INR 300-600 crores annually; Bosch is open to spending what is required for feasible and profitable localization but recent spends have been at the lower end. - Export volumes are being considered in production plans to improve utilization and reduce costs, particularly for new localized lines like NOx sensor manufacturing. - The shift from conventional to common rail systems involves higher imports initially, with localization efforts ongoing to transition effectively. - Bosch India is also expanding Power Tools business regionally with dedicated engineering team scale-up and new market setups in SAARC countries (excluding Pakistan).

- Moderate growth expected in FY '25 due to election year, high base effects, and pipeline inventory buildup in car segment. - Positive market momentum with passenger vehicles growing 6% in Q1 FY '25, driven by utility vehicles demand. - 2-wheeler segment delivered 20% growth in Q1 FY '25, driven by rural consumer revival and premiumization trend. - 3-wheeler segment grew 11%, with electric 3-wheelers poised for substantial growth backed by government support. - Mobility business grew 4.1% in Q1 FY '25, led by Mobility aftermarket and Power Solutions business. - Export growth expected but remains secondary to local for local production focus; gradual increase in export is anticipated. - Localization efforts and new technology adoption underway, balancing capex with volume ramp-ups to sustain margins. - EV market penetration forecasting cautious growth; profitable EV portfolio development is ongoing alongside traditional diesel portfolio. - Overall, Bosch Limited maintains positive growth outlook with focused portfolio management across segments.

- Bosch Limited expects moderate revenue growth for FY '25 despite seasonal and election-related slowdowns. - EBITDA grew 11.1% YoY in Q1 FY '25, with EBITDA margin improving from 11.3% to 12%. - Profit after tax (PAT) increased by 13.8% YoY in Q1, with PAT margin improving to 10.8%. - The company anticipates steady growth across key segments including 2-wheelers, passenger vehicles, and consumer goods. - Localization efforts aim to improve gross margins despite technology shifts. - Profitability focus remains with a balanced approach toward capex and technology changes. - Diesel share expected to decline over a long period, with parallel growth in a profitable EV portfolio. - Management expects to maintain current margin levels, emphasizing sustainable and profitable growth. - No explicit EPS guidance shared; outlook is cautiously optimistic with emphasis on portfolio realignment and market adaptation.

- Bosch is currently in very early stages of discussions with Indian OEMs on electrification and technology partnerships. - They have already identified and started engaging with the supplier base in India to develop necessary competencies. - Bosch is focusing on co-creation and offering technologies through their strong parent company backbone. - No specific KPI or market share data for EV orders were provided as the market is still nascent. - They are actively working on profitable portfolios for both diesel and EV segments. - Bosch is in ongoing discussions with all important OEMs but considers it too early to share detailed order book or pending order specifics. - The emphasis is on building long-term partnerships and adapting to evolving market demands rather than immediate order disclosures.