Leading technology and services provider Bosch has acquired a minority 26 percent stake in B2B eCommerce auto spares, garage equipment and accessories Autozilla Solutions. The Hyderabad-based firm specialises in the development of electronic parts catalogues for spare parts.
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This transaction will strengthen Bosch’s market pull through its car service outlets as well as independent garages that are enrolled under the "extra" loyalty programme. The acquisition allows Bosch to participate in a digital B2B marketplace for the independent aftermarket (IAM) in the domestic market and will help it in easing auto spares procurement.
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Following the stake purchase, Bosch will integrate Autozilla's e-commerce platform with its digital platforms to improve the quality of catalogue search, streamline the ordering of spare parts from workshops to distributors and address the availability of spares with shorter lead times. The collaboration will improve the platform's acceptability in the market, expand its product portfolio and scale up operations pan-India.
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Soumitra Bhattacharya, Managing Director, Bosch Limited and President, Bosch Group in India, said, “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.”
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The Autozilla platform uses artificial intelligence (AI) and data analytics to enable efficient spares discovery, establish availability and pricing, and matching of IGs with sellers to ensure timely procurement of the right part at the right price.
