India raised duties on 29 products from the US, including American
apples, almonds, walnuts and stainless steel products after the US hiked
import duties on steel (25 per cent) and aluminium (10 per cent).
It was Dr. Volkmar Denners second visit to India since he became the top boss at Bosch, the world's biggest automotive component manufacturer. It could not have come at a more remarkable time. The Dieselgate scandal of 2015 has just taken a turn for the worse with the arrest of Audi CEO Rupert Stadler last week. For a staunch proponent of the technology, there is much at stake for Bosch on how this controversy plays out. While Denner is concerned with the loss of credibility of the industry, he is also looking beyond the immediate. Taking an hour out of his three-day India tour, Denner shares with Sumant Banerji his vision on electric mobility, the need to straddle various technologies and Bosch's big plans in India that include a Rs 1,700 crore investment roadmap over the next three years. Edited excerpts:
CEO compensation debates in India and abroad are always contentious and
have grown more contentious over the past couple of decades as better
reporting norms of executive pay have come into effect, as have newer
ways of compensating CEOs.