Bosch makes auto parts such as braking systems and batteries, and also has a powertrain business that provides exhaust gas treatment components. The auto components and train businesses are clubbed under what the company calls “automotive products”, which accounts for more than 86% of total revenue.

Demand for auto parts shot up as vehicle production jumped 21% year-on-year in the quarter, according to data from industry body Society of Indian Automobile Manufacturers. As a result, revenue from the automotive products segment climbed almost 13%, driving total revenue up almost 15% to ₹42.05 billion.

This helped outpace the company’s 11% rise in total expenses. Raw material costs jumped 16% as the global prices of some metals, including steel, rose in the quarter on aggressive demand from China. The company also had a one-time item of ₹588 million in the quarter as a reversed provision relating to regulatory changes for some emission rules in India. Its profit before exceptional items and taxes rose 44% year-on-year.