BSH India expects India ops revenue to hit half a billion Euros in 3 years
BSH Home Appliances Group’s global CEO Carla Kriwet said the Russia-Ukraine crisis has worsened supply side challenges rather than demand, including in emerging markets like India, sending input prices such as those of logistic, steel and chips sky-rocketing.
The German home appliance maker, which is part of the Bosch Group and sells appliances under the brand names Bosch, Siemens and Gaggenau, also expects revenue from its India operations to hit half a billion euros in the next three years, according to Kriwet.
It is lining up products customised for the country and going to expand manufacturing investment to make the country a regional hub, she said. Kriwet, who took charge as the CEO during the pandemic, said demand is not affected despite inflation, since during times of crisis, consumers focus on