- The Company was Incorporated on 12th November, in Chennai and shifted
to Bangalore on 16th November, 1953. The main objects of the company
are to manufacture spark pluge for petrol engines and fuel injection
equipment for diesel engines in technical and financial collaboration
with Robert Bosch GmbH, West Germany.Trade Mark is 'MICO'.
- Except for a 16 day strike at the Nasik factory towards the end of
year which continued for a few days in January 1984, the industrial
relations contributed to the improved working. The market situation
improved during the first half of 1985. However there was a slackening
of demand in the second half, especially in the last quarter, due to
poor monsoons and recession in the commercial vehicle industry.
- Another class of Redeemable preference shares was also introduced
Right issues were made in August 1952, August 1953 and November 1955.
- In March 1959, 25,000 No. of equity shares were issued to Robert
Bosch, West Germany. In March, 1962, 30,000 Right equity shares issued
at a prem. of Rs.10 per share in the prop. 1:5.
- In January, 45,000 bonus equity shares issued in the prop. 1:4.
- In February, 1966, 45,000 right equity shares issued at a prem. of
Rs.10 per share in the prop. 1:5. In September, 1966, 90,000 bonus
equity shares issued in the prop. 1:3. In October, 1966, further
15,000 right equity shares issued at a prem. of Rs.10 per share in the
- In January, the Mysore Branch of the Central Bank of India Ltd.,
offered for sale - 2,000 No. of equity shares of the company at a prem.
of Rs.70 per share in order to comply with the listing requirements of
the stock Exchange, Mumbai.
- At the time of incorporation, the company had 3 classes of shares
viz., 'A' ordinary, 'B' Ordinary and preference.
- 3,75,000 bonus equity shares issued in the prop. 1:1.
- 95,588 No. of equity shares issued at Rs.175 per share of which
48,000 shares issued to Financial Institutions against conversion of
loan from them and 47,588 No. of equity issued as right shares to
members other than Robert Bosch GmbH in the prop. of 3:20, - Rs.40
(Rs.25 on capital account and Rs.15 as share prem.) was called up.
Further calls payable were Rs.50 (Rs.25 on capital account and Rs.25 as
share prem.) (31st August 1974), Rs.50 (Rs.25 on capital account and
Rs.25 as share prem.) (30th December, 1974), Rs.35 (Rs.25 on capital
account and Rs.10 share prem. (30th August 1975).
- 4,22,794 bonus shares issued in prop. 1:2.
- A letter of intent was received for an expansion of manufacturing
- 6,34,191 bonus equity shares issued in prop. 1:2.
- A letter of intent for diversification into auto electricals was
received and approval for the import of capital goods was also
- Sales turnover registered only 7.3% growth due to recessionary trend.
Both commercial vehicle and tractor production dropped.
- 19,02,573 bonus equity shares were issued in prop. 1:1.
- Under the modernisation programme, the company added a number of new
machines both at the Bangalore and Nasik factories. Also a fourth
generation on-line computer facility was installed at the Bangalore
- The Government of India approved the enhancement of the licenced
capacity of multicylinder pumps and nozzle holders to 2,65,500 nos. and
24,80,000 nos. respectively.
- A letter of intent was received for the manufacture of additional
165,000 elements and 215,000 delivery valves for meeting export orders.
- Also, a letter of intent was received for the manufacture of
additional 120,00,000 each of elements and delivery valves to cater to
- The Company was awarded the status of Trading House.
- Improvement in communication facilities had been effected through
modernisation of telephone and telex equipment.
- A 'Cold Start' facility enabling testing of engine at temperature as
low as -20oc was added to the unit. The Centre was appointed as a
Bosch Global Development Centre with the global responsibility for
design and development of small single cylinder pumps for the entire
Bosch Group. The centre had already developed a new type of
single-cylinder pump for vehicular and stationery applications.
- The market for single-cylinder pump remained sluggish due to shortage
of pig iron, credit squeeze etc.
- Approvals were received to increase production of fuel injection
equipment and parts thereof, for spark plugs at Naganathapura and
Nozzle at Nasik factory.
- Technical collaboration agreements were entered into for the
manufacture of fine horning machines and super finishing machines.
- Sales of the original equipment were adversely affected due to
recessionary trends in the automobile sector.
- The Company introduced certain new items such as halogen bulbs,
ignition cells, horns, voltage regulators, cluth plates and clutch
cover assemblies for the automobile sector.
- A technical collaboration agreement was entered into with Witzig and
Frank Turnatic GmbH for the mechanical machining systems.
- Another agreement was entered into with Robert Bosch GmbH, West
Germany for the manufacture of bag form fill and sealing machines It
was also planned to manufacture portable electric power tools with
technical collaboration from Robert Bosch GmbH.
- The Company was awarded the ISO 9001 certification by the Technischer
- Sales, particularly in the commercial vehicle and the tractor sectors
were affected due to continued recessionary trends in the automobile
- The Company introduced new automotive accessories such as
stop-and-tail lamps, fog lamps, new varieties of horns.
- In the All-India Skills Competition held by the Government of India,
the MICO Vocational Centre received the 'Best Establishment Award' for
the 12th time.
- Motor Industries Software Services Ltd. (MISSL) and Motor Industries
Trading Ltd. (MITL), which became subsidiary companies from 25th July.
- The Company has entered into a Memorandum of Understanding with the
Government of Rajasthan to set up facilities near Jaipur for the
manufacture of auto ancillaries/auto components including Fuel
- Dr. Wolfgang Hugo and Dr. Eberhard Baltin retired from the Board as
Director with effect from 17th June.
- Dr. Hermann Eisele whilst continuing on the Board, ceased to be
Chairman from 18th June, and Mr. Hubert Zimmerer was elected in his
stead. The Board acknowledges the contribution of Dr. Eisele as
Chairman and welcomes Mr. Zimmerer as Director and Chairman of the
- The Company launched the state-of-the-art Blaupunkt range of car
audio systems in June.
- All the three plants of the Company at Bangalore, Nashik and
Naganathapura have been awarded the QS 9000 certificate by TUV, Essen.
- Dr. H. Bertling was redesignated as Managing Director and Mr. J.L.
Pasricha and Mr. D. Schalomon were redesignated as Joint Managing
Directors with effect from 19th September.
- The Company has become a market leader for Electrical Power Tools and
- In 1997 and 1998, three apprentices trained at the Nashik plant won
silver medals at the Regional Skills competition.
- The Company is proposed to revive the offer for buy back of up to
200,000 No. of equity shares at Rs. 4,200 per equity share.
- Dr. H. Eisele retired from the Board with effect from 24th June.
- The appointment of Mr. Nobis as Joint Managing Director from 17th
- Andreas Nobis has been appointed as the new Managing Director of
Motor Industries Co. Ltd. with effect from 1st July.
- Due to a deprecssion in the automobile sector, MICO is introducing a
five-day working week in its plant, with the drop in sales to original
- The Company has decided to introduce a five-day working week in its
Bangalore plant with immediate effect, due to low demand from its
customers in the tractor and commercial vehicle industry.
- Motor Industries Co. (MICO) has received the approval of shareholders
to buyback upto 2 lakh shares from the existing shareholders.
- The Company has approved and recommended to shareholders for their
approval to buyback up to 2,00,000 No. of equity shares of the company
from existing shareholders on a proportionate basis through Tender
offer or from the open market aggregate not exceeding 5.55% of the
existing paid-up equity capital of the company to be financed out of
the free reserves of the company, at a maximum price not exceeding Rs.
4000/- per equity shares such that the aggregate consideration for the
shares bought back do not exceed 25% of the capital and free reserves
of the company.
- M Lakshminaryan has been appointed as the new joint managing director
of Mico with effect from 1st October.
- The Company has fixed the price for buyback of equity shares of the
company at Rs. 3800/- per equity shares.
- MICO, the automotive ancillary company, has decided to suspend work
for five days from June 18. The company, in an official announcement on
June 13, said the adverse business situation and curtailment of orders
by customers had necessitated this step.
-Motor Industries Company Ltd., has postponed its investment worth Rs.250cr
because of delay in implementing Euro II emission norms in the country.
-MICO has completed its buyback programme of 200,000 equity shares
for the total cost of Rs.50cr.
-MICO Launched India's first Bosch Car Services Workshop(BCSW) in Delhi and has
entered into car servicing business.
-Nearly 5% of MICO's workforce opted for an early voluntary retirement scheme.
-Motor Industries Company Ltd has launched new range of products consisting of
in-car multimedia systems, the San Fransisco CD-70, in-car MP3 player and 'velocity'
range of amplifiers,speakers and sub-woofers.
-The Industrial Equipment Division, MICO-Bosch Division has developed endurance
testing equipment for Timken.
-MICO Ltd has informed BSE that the MICO Bangalore Plant will have a 5-day
-MICO Board has appointed Dr.Albert Hieronimus as Additional Director and Managing Director of the company.
-Mico Employees Association has gone on an indefinite strike for an inconclusive talks
with the management.
-Motor Industries Company Ltd has informed that Company's Spark Plug manufacturing
activitiy at Naganathapura works has been discontinued.
-Bosch Security Systems launched Network Video Solutions, a Video Solutions, a video surveillance system that allows remote monitoring over IP (Internet Protocol) networks.
-Bosch rolls out new surveillance system
-Bosch begins assembling user-specific tools in Bangalore
-Bosch declared as best stall in Bangalore's IT.Com
- Bosch moves production of key products to MICO plants in India
-Mico launches 30 millionth PF pump
-MICO & Bosch form joint venture with MANN+HUMMEL for filter production
-OverdriveAuto Monitor Award Auto component manufacturer of the year
-All new MICO products to bring under Bosch brand
-MICO-Bosch to provide CRDi systems to Suzuki
-MICO to launch CRDi in early 2007
-NDTV Profit Car India Award Safety & Technology Award
-MICO receives star performer award EEPC Award Star Performer for outstanding export performance
-Bosch acquires 9.2pc more stake in Mico
-CNBC-TV18 Autocar Auto Award Auto Component manufacturer of the year
-NDTV Profit Car & Bike Award 2007 Automotive Technology of the year'
- Company name has been changed from Motor Industries Company Ltd to Bosch Ltd.
-Business Standard Award Star MNC of the year
-DHL - CNBC TV18 International Trade Award -Bosch won this honor in the category of auto component industry, for doing extremely well in exports through its low-cost solutions. The award recognizes the companys commitment and innovations that address the needs of the Indian market, and keep Brand India alive.
-UTVi Autocar Award
Bosch and Mahindra & Mahindra won the Best Innovation of the Year UTVi Autocar Award. The award recognizes Bosch innovation start/stop system which contributes to fuel efficiency at a very reasonable cost. The Mahindra Bolero Micro Hybrid is the first vehicle in India to integrate this technology in their new car
-NDTV Car & Bike Award - Automotive technology of the year
This accolade recognizes the contributions made by Bosch in India, for localizing ABS (Antilock Braking System) production. Bosch is the only automotive supplier to manufacture ABS in India for passenger cars and light commercial vehicles. ABS is crucial to safety while driving, as it makes braking safer, by preventing the wheels from locking.