Feb 23, 2022 - Bosch to acquire 26 percent stake in Autozilla to ease auto spares procurement in India

Bengaluru, India - Bosch, a leading provider of technology and services in the mobility ecosystem, has acquired a minority stake of 26 percent in Autozilla
Solutions Private Limited to participate in a digital B2B-marketplace for the independent aftermarket (IAM) in India. This transaction will strengthen Bosch’s market pull through its Bosch Car Service outlets and through the independent garages that are enrolled under the “Extra” Loyalty Program. The collaboration will improve the platform’s acceptability in the market, expand its product portfolio and scale up operations pan India.

Under this engagement, Bosch will integrate Autozilla’s eCommerce platform with its digital platforms to improve the quality of catalogue search, streamline ordering of
spare parts from workshops to distributors and, address availability of spares with shorter lead times.Speaking on the collaboration, Mr. Soumitra Bhattacharya, Managing Director, Bosch Limited & President, Bosch Group in India said, “Bosch is actively shaping the change of the online markets in India to meet the expectations of our customers in this region for more online services in the B2B sector. We assume that there will be stable growth especially in this area in future. To reach our goals, we are collaborating with the Indian B2B -E-Marketplace Autozilla and intend to develop this market potential together.” 

Today, Independent Garages (IG) in India procure spare parts primarily offline –either they place order on the phone or visit the Sellers in-person to pick up the parts. The entire process of spares procurement starting with identification of the right part for the right application, estimation, availability and delivery is highly error prone, non-transparent, iterative and inefficient. These challenges cause substantial loss to IGs due to procurement of wrong parts, frequent returns, inventory build-up, time wasted in follow-ups rather than repairs and revenue generation activities thus adversely impacting their Quality of Service.

The Autozilla platform helps IGs procure spare parts, consumables, tools and equipment easily via a mobile app, the web or through their Garage Management System. The platform seamlessly connects IGs to the right Sellers and helps the IGs discover, check availability & pricing thus enabling timely procurement of the right part at the right price. Autozilla also offers Motoshop, an auto specific, easy-to-use Point-of-Sale platform for Sellers that also instantly makes them eCommerce ready.

The Autozilla platform enables digitization of the auto components supply chain by connecting parts manufacturers, distributors, retailers thus becoming the common platform for procurement, supply, product tracking and promotion across the various participants. The Company has already partnered with reputed auto component manufacturers such as Wuerth, Hella, Spark Minda and Savsol.  The Company is actively pursuing more such partnerships with Manufacturers and Distribution networks.

Vijay Gummadi, Founder, Autozilla said, “We are excited to partner with Bosch to drive our common vision of digitization of the Indian auto aftermarket. The Indian aftermarket is currently at $12bn and estimated to be $17bn by 2025. Majority of the spares procurement in India is B2B, driven by workshops and happens via offline transactions in an ad-hoc manner. By effectively driving digitization of the auto parts supply chain based on reliable electronic catalogues, we are positioned to solve the key problems of discoverability (right part for the application), availability, easy payment options and cost-effective doorstep delivery. This enables workshops to focus on what they do best – car repair, while driving increased business, better margins and cashflow to Sellers. By leveraging our access to a large, qualified garage network, we are keen to partner with auto component manufacturers to drive higher sales and provide them valuable data driven insights into spares consumption patterns.”

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About Bosch in India

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development centre outside Germany, for end-to-end engineering and technology solutions. The Bosch Group operates in India through fifteen companies, viz, Bosch Limited, Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Robert Bosch Engineering and Business Solutions Private Limited, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited, Robert Bosch Automotive Steering Private Limited, Automobility Services and Solutions Private Limited, Newtech Filter India Private Limited, Mivin Engg. Technologies Private Limited, Robert Bosch India Manufacturing and Technology Private Limited, PreBo Automotive Private Limited and Precision Seals. In India, Bosch set-up its manufacturing operation in 1951, which has grown over the years to include 16 manufacturing sites, and seven development and application centres. Bosch Group in India employs over 31,530 associates and generated consolidated revenue of about ₨.17,354 crores* (2.05 billion euros) in 2020 of which ₨. 10,942 crores* (1.29 billion euros) from third party. The Bosch Group in India has close to 15,650 research and development associates.

In India, Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over ₨. 8,386 crores (0.99 billion euros) in 2020. Additional information can be accessed at www.bosch.in

The Bosch Group is a leading global supplier of technology and services. It employs roughly 395,000 associates worldwide (as of December 31, 2020). The company generated sales of 71.5 billion euros in 2020. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 129 locations across the globe, Bosch employs some 73,000 associate’s in research and development, of which nearly 34,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, https://twitter.com/BoschPress

About Autozilla Solutions Private Limited

The Company develops software, mobile apps and other technology to enable supply chain management and eCommerce for auto spares, consumables, tools, equipment and accessories. It’s marketplace platform under the brand name “Autozilla” enables OEM and non-OEM independent automobile repair workshops, and corporate buyers (e.g. Fleets) to identify, compare and procure auto spare parts, tools, equipment and accessories from retailers, distributors and manufacturers. The Company specialises in the development of e-catalogues for spare parts and offers Sellers a comprehensive, auto specific but easy-to-use Point of Sale. The company is head quartered in Hyderabad, TS, India.

Additional information is available online at https://info.autozilla.co/ , https://www.autozilla.co/

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