Bosch Group's Annual Sales in Hungary Up by 32%

The Bosch Group's total net sales in Hungary amounted to HUF 2,255 billion last year, up 32% year-on-year, with an increase of 21% in euro terms, the company informed MTI.

The statement said that the group's turnover in Hungary – sales from outside the group – rose 15% to HUF 314 billion.

The Bosch Group employed more than 18,300 people in Hungary at the end of 2022, 1,300 more than a year earlier. More than 3,500 of them work in research and development, making Hungary Bosch's fourth-largest R&D center in the world after Germany, India and China. Bosch spent HUF 112 billion on R&D in Hungary last year.

Last year, the group spent 55% more than in the previous year on investments in production and development, amounting to HUF 155 billion.

One of the biggest investments in recent years was the group's newest automotive technology development center, the Bosch Budapest Innovation Campus, completed last year, which includes 1,800 workplaces, research and test laboratories, a test hall and a multi-paved outdoor test area. The company has also started construction of a new automotive R&D and testing center next to the ZalaZone.

The Bosch Group in Hungary increasingly envisages the development of future technologies through active cooperation between industry and academia, and is therefore building close ties with universities and research centers, they stressed. Last year, the ELTE-Bosch Industrial Department of Artificial Intelligence was established, the first of its kind in the country, and this year the BME-Bosch Competence Centre for Innovative Vehicle Technology was opened.

In addition, the Robert Bosch Electronics Ltd. in Hatvan, together with the Budapest University of Economics and Business and the local municipality, handed over a laboratory equipped with Industry 4.0 tools at the Hatvan Community Higher Education Training Center. The Bosch companies in Miskolc have also renewed their cooperation: last year, they signed an agreement with the Miskolc Vocational Training Center to renew and expand the dual training cooperation that started ten years ago. This year, Robert Bosch Power Tool Ltd. and the University of Miskolc strengthened their cooperation in the training of university students, and Robert Bosch Energy and Body Systems Ltd. agreed on a comprehensive training and research and development cooperation with the University of Miskolc, the press release said.