Bosch's India unit posts higher first quarter profit on automotive demand

Bosch Ltd’s India unit (Bosch Ltd, BOSH.NS) reported a 12% increase in adjusted first-quarter profit on Monday, pointing to continued strength in automotive demand for both passenger cars and commercial vehicles. Bengaluru-based Bosch Ltd posted profit before tax and exceptional items of 9.39 billion rupees (about $98.53 million) for the quarter ended June 30, up from 8.38 billion rupees a year earlier. The results were driven by robust market conditions, according to the company. Reporting was done by Mridula Kumar and Payel Das in Bengaluru, with editing by Ronojoy Mazumdar.