One of the largest Tier 1 automotive companies, Bosch Gmbh has acquired 26% stake in Bengaluru based battery service provider, Sun Mobility. Bosch through its investment arm, Robert Bosch Investment Nederland B.V. invested an undisclosed amount for the stake. This investment comes as part of Bosch focusing on growth pillars in the mobility sector, which includes personalized, automated, connected and electrified technologies.
Sri Lanka’s Ideal Group is a distributor for Bosch Diesel systems in Sri Lanka. Ideal Group with its Ideal First Choice network caters to end-to-end needs of customers from Bosch spare parts, after-sales services and has established 24 collection points for Bosch Diesel systems. Ideal First Choice recently opened an exclusive Bosch service centre in Colombo further reinforcing the customers with repair and spare parts services.
Commenting on the future prospects of the Bosch-Sun Mobility strategic alliance, Nalin Welgama, Founder/Chairman of Ideal Group said: “Ideal Group through Ideal First Choice partners with Bosch in Sri Lanka. Ideal Group also maintains a strong relationship with Sun Mobility from its inception. Therefore, this strategic alliance will no doubt bode well for Sri Lanka in numerous ways in the future.”
Speaking about the investment president of Bosch Group in India, Soumitra Bhattacharya said, “Bosch engagement with Sun Mobility complements our shared vision towards the growth of electromobility. At Bosch, we firmly believe that the diverse powertrain technologies will continue to coexist. A mix of combustion engines and electrification will be needed for a highly efficient mobility ecosystem.”
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