Stuttgart and Hannover, Germany – Freight transport is an important pillar of the economy. For their green transformation to succeed, commercial vehicles that transport goods must be equipped with alternative powertrains. As a result, the industry is on the move – and Bosch is leading the way. The technology company is expanding its product and solution portfolio and is once again focusing on diversity. “Commercial vehicles’ transition to alternative powertrains will succeed only if we remain technology neutral and continue to develop all forms of powertrains and make them more efficient,” said Markus Heyn, member of the Bosch board of management and chairman of the Mobility business sector, at this year’s IAA Transportation trade fair in Hannover. “In the coming years, we expect the continuing growth in global freight transport and the simultaneous switch to alternative powertrains for commercial vehicles to drive another surge in growth for our business. For us, our business with big vehicles is anything but a small matter – in Mobility, we generate one-quarter of our sales with trucks and vans,” Heyn said.
Global vehicle production is expected to stagnate in 2024 compared to the previous year. Assuming a good final quarter, the company anticipates slight sales growth at Bosch Mobility in 2024 despite the very challenging market environment. Bosch Mobility aims to achieve global sales of more than 80 billion euros by 2029.