4Q performance hit by weak demand for CVs and tractors

Company
28 May 2024
5 Min read 
  • Bosch's 4QFY24 performance was operationally weak
  •  Revenue/EBITDA/adj. PAT rose 4%/7%/42% YoY in 4QFY24
  •  Mobility business grew by ~2.7% YoY
  •  Gross margins contracted 150bp YoY
  •  BOS expects penetration of hydrogen ICE technology in Indian CVs to be 10-15% by 2030
  •  BOS has a long-term strategy of shaping the market in key technologies
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