Bosch ROBG.UL, the world's largest car parts supplier, wants to expand its business with manufacturers of cheap cars and garner sales of €1 billion by 2010 from them.
"The low-price-vehicle-segment is growing faster in Asia and the emerging economies than any other segment, including the premium markets," Bosch's India chief Albert Hieronimus told auto motor und sport magazine.
Bosch wants to supply Indian manufacturer Tata with electronics systems, brakes and fuel injection systems.
Mr Hieronimus said Bosch wants to invest €500 million in India till 2010 and expects sales there to grow by at least 20 per cent in the coming year.