FRANKFURT (Reuters) – The world’s top automotive supplier Bosch expects sales in its mobility business unit to grow 10% this year, the group said at the IAA Munich auto show, adding that the group’s outlook was positive despite a challenging environment.
“Bosch knows the way around software and is using it to shape the future of mobility. Our technology makes the software-defined vehicle a reality and helps put it on the road,” said Stefan Harting, CEO of Bosch.
In the mobility sector – the group’s largest segment, which includes advanced safety systems as well as autonomous car parts – sales are expected to grow by a strong 10% in 2023 after adjusting for exchange rate effects.
In the year The unit’s currency-adjusted sales in 2022 grew 12.1% to 52.6 billion euros ($56.7 billion), accounting for 60% of Bosch’s total revenue.
Bosch expects total sales to grow by 6-9 percent in 2023.
($1 = 0.9271 EUR)
(Reporting by Ilona Wiesenbach; Writing by Christoph Stitz; Editing by Louise Havens)