Bosch concluded its 2024 fiscal year with £3.3 billion in consolidated sales in the United Kingdom and Ireland, with the Mobility Aftermarket division making a ‘significant contribution’, demonstrating steady growth in the UK and Ireland in recent years, a trend that has continued throughout 2024.
The revised sales targets within the Zero Emission Vehicle (ZEV) mandate provide, says Bosch, much-needed clarity to the UK’s broad automotive sector. In addition, the company is calling on the UK Government to go further in its support for the industry by recognising hydrogen-powered internal combustion engines as being low emission, which would encourage investment in this technology that could have a powerful impact on reducing emissions from heavy duty vehicles such as lorries and off-highway vehicles such as bulldozers.
Steffen Hoffmann, managing director of Bosch UK and Ireland (pictured), said: “We continue to face challenging global economic conditions. Despite that, our Mobility Aftermarket continued to grow, and a strong consumer market for gardening products ensured ourConsumer Goods division saw modest growth. Our building technologies and service solutions businesses developed positively too.”
Bosch’s largest sector in the UK and Ireland is Bosch Mobility. Within this, the Mobility Aftermarket division continued the growth it has demonstrated consistently for almost a decade. Predominantly focused on car parts and servicing, Mobility Aftermarket benefits from people keeping their cars for longer. In addition, the Mobility Aftermarket team plays a pivotal role in training mechanics across the country to work on electric cars as well as those powered by internal combustion engines.
(Pic: Bosch UK and Ireland)