Bosch Limited has announced a major strategic acquisition of Bosch Chassis Systems India Private Limited (RBIC) for ₹9,068.70 crores, significantly expanding its mobility solutions portfolio. The transaction represents a pivotal move to consolidate safety and braking systems under the listed entity, creating a comprehensive mobility technology platform.

Strategic Acquisition Overview

RBIC operates as a Tier 1 supplier specializing in safety and braking systems for both two-wheeler and four-wheeler OEMs. The company has established itself as the market leader in India's automotive safety segment, with three state-of-the-art manufacturing facilities located in key automotive hubs of Chakan, Manesar, and Sanand.

Financial Performance and Impact

RBIC has demonstrated strong financial performance with significant margin expansion over recent years. In FY25, the company recorded revenue of ₹4,000 crores with EBITDA margins of 19.30%. The nine-month performance in FY26 showed continued momentum with revenue of ₹3,500 crores.

The acquisition will be immediately accretive to Bosch Limited's financial profile, with expected pro forma EPS accretion of approximately 5% based on FY25 numbers. On a consolidated basis, the transaction will increase revenue from operations by 22% from ₹18,000 crores to ₹22,000 crores.

Product Portfolio and Market Position

RBIC's comprehensive product suite includes Anti-lock Braking Systems (ABS), Electronic Stability Program (ESP), occupant safety systems, sensors, and next-generation braking solutions for electric vehicles. The portfolio is notably powertrain agnostic, providing flexibility as OEMs transition between ICE and EV platforms.

The company serves major automotive manufacturers including:

• Tata Motors
• Maruti Suzuki
• Toyota
• Bajaj Auto

Revenue composition shows approximately one-third contribution from two-wheelers, with the remaining two-thirds from passenger and commercial vehicles.

Growth Drivers and Market Opportunities

The safety and braking systems market benefits from multiple structural tailwinds. Regulatory mandates for ABS, ESP, and airbag systems provide sustainable demand catalysts. The implementation of Bharat New Car Assessment Program and evolving safety norms create additional growth opportunities.

Management highlighted several potential expansion areas:

• Two-wheeler ABS mandate extension to sub-125cc categories
• Commercial vehicle ADAS regulations for vehicles above 5 tonnes
• Increasing EV penetration driving demand for new braking systems
• Premium vehicle segment growth increasing safety feature adoption

Deal Structure and Timeline

The transaction involves predominantly cash consideration of approximately ₹9,060 crores, with a small preferential allotment of 2,460 equity shares valued at ₹8.80 crores to Robert Bosch Netherlands and Robert Bosch US. This structure maintains the parent company's "skin in the game" philosophy while ensuring fast closure.

Manufacturing and Operational Excellence

RBIC's operational strength stems from its localized manufacturing approach and quality standards required for safety-critical products. The company has achieved significant localization levels exceeding 90% for established products, with newer products following a phased localization strategy.

The management emphasized the modular production setup and ability to leverage Bosch's international production network for capacity expansion. This includes relocating idle production lines from global facilities, providing cost advantages and faster ramp-up capabilities.

Strategic Rationale and Future Outlook

The acquisition aligns with Bosch Limited's strategy to build a comprehensive mobility solutions company. By integrating RBIC's vehicle motion portfolio with existing powertrain capabilities, the combined entity will offer enhanced scalable solutions across all vehicle segments.

Management expressed confidence in maintaining stable margins over the next five years, supported by a robust order book extending through 2031. The company's market leadership position, combined with continuous technology upgrades and legislative support, provides a strong foundation for sustained growth in India's evolving automotive landscape.

Bosch Limited has made available audio recordings of investor conference calls that were held on April 13, 2026. The company has disclosed the availability of these recordings in compliance with SEBI regulations, following up on its earlier notification about the scheduled meetings.

Conference Call Completion

The company successfully conducted two investor conference calls on April 13, 2026, as previously announced. The sessions were held at different times to accommodate various stakeholder groups including analysts, fund managers, and investors.

Audio Recording Access

Bosch Limited has published the audio recordings on its official website, providing stakeholders with access to the complete discussions from both sessions. The recordings are available through dedicated links for each time slot.

Management Participation

The conference calls featured key leadership from Bosch Limited, providing stakeholders with direct access to senior management for discussions and queries about the company's operations and strategic direction.

Regulatory Compliance

The disclosure has been made under Regulation 30 and 46(2)(oa) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier intimation dated April 8, 2026, regarding the scheduled conference calls.

The notification was formally communicated to BSE Limited at Dalal Street, Fort, Mumbai, and to the National Stock Exchange of India Ltd. at Bandra-Kurla Complex, Mumbai. The communication was signed by V. Srinivasan, Company Secretary & Compliance Officer, demonstrating the company's commitment to maintaining transparency and regulatory compliance.