Germany's Bosch seeks slice of Asian car-parts market

[dArKeR]

German industrial giant Robert Bosch GmbH is accelerating into the Asia-Pacific automotive parts market amid rapidly growing demand for cars in China, India and other key countries.

Its automotive after-market division is aiming to increase its business turnover in the region by 30 percent to 40 percent in four years. The division now has an annual revenue of US$500 million from the Asia-Pacific area.

Bosch also wants to increase its slice of the Asia-Pacific pie from 7 percent last year to at least 10 percent in seven years' time.

Global demand for automotive after-market products is projected to exceed US$130 billion by 2007, according to Bosch senior officials.

http://www.taipeitimes.com/News/biz/archives/2003/11/10/2003075348

They sure can smash'em in Asia if anyone's looking to get into the auto body repair business!