Snapshot of business divisions' performance
Overall, the Mobility Solutions business divisions grew by 8.6 percent and outperformed the automotive market which grew by 4.2 percent in this period. The domestic sales increased by 13.1 percent.

The business divisions of the sectors beyond mobility also performed well this quarter with a growth of overall 8.6 percent due to strong order growth in all divisions, backed by strong exports.

Sale of Starter Motors and Generators division
In accordance with the approvals received from the Board of Directors and from the shareholders, Bosch Limited has executed a Business Transfer Agreement on August 01, 2016 and has sold its Starter Motors and Generators business to Robert Bosch Starter Motors Generators India Private Limited, a 100 percent subsidiary of Robert Bosch Starter Motors Generators Holding GmbH.

This is part of the planned global realignment of the Starter Motors and Generators division. In June 2015, the Bosch Group informed that it intends to realign its Starter Motors and Generators division, seeking a joint venture partner or a buyer to further improve the competitiveness and growth prospects of the business.

END

* Bosch Limited adopted Indian Accounting Standards ("Ind AS") from April 1, 2016 and accordingly the current financial results have been prepared in accordance with the recognition and measurement principles laid down in these standards. The financial results of the previous periods have been restated accordingly.