The world’s largest auto component maker, Bosch is worried about the Volkswagen’s emission scandal. The former had supplied critical common rail injection systems to the 11 million affected Volkswagen models.

Bosch chairman, Volkmar Denner told CNBC-TV18 that the issue is not about unclean diesel and it will take time to shift to electric mobility.

Denner also spoke about the high competitiveness in the automobile sector in Germany. “I think the competitiveness and the competence of the German automotive industry is very high including the suppliers,” he said.

German automotive image will not be impacted much due to the Volkswagen scandal, he added.

Here is the interview transcript of Volkmar Denner with CNBC-TV18.

Q: Do you think the Volkswagen issue has sort of also hurt Germany’s image as being this engineering power house — from a larger perspective do you think the automotive image of Germany as being pre-eminent in power house has been impacted because of this issue?

A: Of course it is something which concerns us a lot, the issues that happened. I think the competitiveness and the competence of the German automotive industry is very high including the suppliers. You have to take it into account that now with Bosch, with Continental and with the ZF — three very strong global players coming from Germany.

Q: Were you personally shocked when this news broke? A: I do not want to comment on this issue anymore because today we are happy to open up a new research side.

A: I do not want to comment on this issue anymore because today we are happy to open up a new research side.