Bosch, a leading supplier of technology and services inaugurated its sixth manufacturing unit in India at State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Gangaikondan, Tamil Nadu on Jan. 22, 2015.

Built with an investment of around Rs 500 million (euro 6.2 million) and spread across 6,500 square meters of built up area, this new facility of Bosch in India will facilitate the company's Gasoline Systems business to further localize manufacturing and increase cost-competitiveness.

''It is important for our Gasoline Systems business division to have a strong manufacturing foot-print in an important and growing market like India. The extended local production capabilities in this new state-of-the art location will help Gasoline Systems to further grow its market share with a competitive product portfolio,'' commented Steffen Berns, managing director of Bosch on the inauguration of the plant.

Shares of the company gained Rs 42.65, or 0.2%, to settle at Rs 21,698.90. The total volume of shares traded was 1,416 at the BSE (Thursday).