BOSCHLTD / Q1-FY25 / claim-ledger

Audit the questions that mattered.

Bosch · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY25 · 2024-07-26Back to quarter ↗

Questions audited

12

Answered directly

42%

Numeric claims

0

Consistency

—

Question ledger

What was answered, and how?

Pramod · Research desk

direct

What does power tools region mean for manufacturing and exports?

There are no current plans for setting up any plants in any of these countries. All of them benefit from our current manufacturing plant, which is already in Chennai, in India. We will continue to export from Chennai to these regions.

Pramod · Research desk

direct

Why are exports to parent tripling and imports doubling?

We have worked in the last couple of years massively on our cost competitiveness. We are now scaling with our quantities, which helps us also to become cost competitive, and therefore, for certain volumes, like injectors, VE pumps, et cetera, India will also become very attractive.

Gokul · Research desk

partial

How do localization plans impact gross margins over 12-18 months?

Regarding the gross margin and the localization, it is very clear for us strategically, we have to localize also to increase and to improve our gross margins. This is very clear.

Gokul · Research desk

direct

Is the full-year growth expectation similar to FY2024 still holding?

Yeah, the broad expectation of growth for the year holds. There is change. We, like we had already sort of indicated, Q1 would be a sort of a moderate or very weak growth.

Gokul · Research desk

evasive

Will CapEx need to step up to INR 500 crores+ for localization?

Whatever we have to spend to have a feasible and profitable localization, we will spend.

Analyst · Research desk

declined

What is the content increase for two-wheelers due to OBD Stage II?

Okay, we have to get back to you on that. I can't give you an exact number, right now, but there is an increase, and we will get back.

Analyst · Research desk

declined

What is the content increase for tractors due to TREM V?

So, I would again say, TREM V has been postponed so far. ... There is again a change in the content per vehicle, and there is going to be a change towards the Common Rail systems there, but we will get back if necessary on the exact change in the content.

Viraj Kacharia · Research desk

declined

Will margins remain around current levels given technology change?

Again, regarding margins in the future, we do not want to give this guidance. We would not like to give.

Viraj Kacharia · Research desk

direct

Is CapEx for localization also for export or only domestic?

Here, we get a certain export volume as well, because we need in the overall production network, there were volumes which we could bring to India, and therefore, we will get a line where we have India plus export volumes.

Viraj Kacharia · Research desk

declined

Will there be portfolio realignment announcements for listed entity?

I do not want to speculate on things which are very sensitive information, so I would not want to comment on these things right now.

Analyst · Research desk

partial

What caused the sequential increase in other expenses?

Yeah, exactly. So we had a one-off in the last quarter, where the other expenses of sales were very low, because we had there a Forex impact. And in this, of course, this quarter, we have the reversal impact, and we have one warranty case.

Jai · Research desk

evasive

What is the status of PLI DVA certificate and related CapEx?

We have not officially got any confirmation from the ministry on DVA approval, although there are market speculations. ... We do not want to comment on that.