2017 FotograFFF/Shutterstock Bosch Limited bought Bosch Chassis Systems from Robert Bosch Investment Nederland B.V. and Robert Bosch LLC in a $970 million cash deal. The consolidation in India's auto sector has been described as the most confusing business deal of all time. The boards of Bosch Limited, Bosch Chassis Systems India and the Bosch Group have approved the transaction, which remains subject to shareholder approval. Bosch Limited joint managing director and Bosch Mobility India president Sandeep Nelamangala added: "In India, we expect the mobility landscape to evolve radically by 2030 and beyond with sustainable, safe and exciting technologies. The transaction illustrates a structural quirk common in multinational conglomerates, as subsidiaries trade parts with their own parents and shares flow back and forth as part of the deal. Bizarre ownership chains seem to be especially common in the auto industry.…