# Bosch expects sales in core mobility division to grow 10% in 2023
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-09-04
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Bosch Expects 10% Sales Growth in Mobility Division in 2023
Meta Description: Bosch forecasts 10% growth in its core mobility division in 2023 and remains positive despite challenges. CEO Stefan Hartung emphasises software technology.
URL: https://financedigest.com/bosch-expects-sales-in-core-mobility-division-to-grow-10-in-2023html

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# Bosch expects sales in core mobility division to grow 10% in 2023

FRANKFURT (Reuters) – Bosch, the world’s top automotive supplier, expects sales at its mobility business division to grow by 10% this year, the group said at the IAA Munich car show, adding the group’s prospects remained positive despite a challenging environment.

“Bosch knows its way around software and is using it to shape the future of mobility. Our technology will make the software-defined vehicle a reality and help get it onto the road,” Bosch CEO Stefan Hartung said.

In the mobility sector – the group’s biggest division, making sophisticated safety systems as well as autonomous car components – sales are expected to grow by a “solid 10% in 2023” after adjusting for exchange-rate effects.

In 2022, the unit’s exchange rate-adjusted sales grew 12.1% to 52.6 billion euros ($56.7 billion), accounting for 60% of Bosch’s total revenues.

Bosch expects overall sales to grow by 6%-9% in 2023.

($1 = 0.9271 euros)

(Reporting by Ilona Wissenbach; Writing by Christoph Steitz; Editing by Louise Heavens)


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