According to the company, change in the product mix was necessitated owing to the introduction of Bharat Stage (BS) IV emission norms across India beginning April 1, 2017. Subsequently, material and freight cost increased.
The company's Q1 net profit declined to Rs 303 crore.
"Looking forward, the company is well prepared to offer customers an array of full line solutions, as the nation transitions from BS IV to BS VI emission norms by 2020. Bosch Limited is prepared and committed to offer its support during this phase of movement," said Soumitra Bhattacharya, Managing Director, Bosch Ltd and President Bosch Group in India.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.