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Think about it yourself.
If they didn't have money in January for hike, then how will they have money in July? Let's see the options.
Maximum revenue of RBEI and other Bosch India companies comes from Bosch Germany. Bosch Germany itself is struggling, so why will they send more money to India? Unless they catch some new bakra until June who gives them multi-million euro contract. Then they may throw a few million euros to India and you will get some hike.
Next option. You probably know for each "resource", RBEI gets about 4000 euros per month. Your salary is paid from it, some amount goes for company expenses. Rest is used to pay salary of Engineering Managers and other useless people. What is left goes into pockets of Dathoo and other greedy people on top. If their greed reduces (lol 😂), you will get hike.
Most realistic option is when people leave. Since leadership is useless, this is their preferred strategy. That's why there is so-called PIP and LPM. Even new joinees are being put on LPM shows clear management failure. 😂 Then by putting 4 hours in office, cutting free food options, delaying salary hike, they hope people will quit on their own. They can't do mass firing, unlike other tech companies, because they have to maintain their fake show of "job security" and "employee friendly policies" (lol 😂) by which they manage to catch bakras when needed.
The result will be if enough people leave until July, leftovers will get 3%-4% hike. But this plan is likely to fail anyway because despite all their social media drama, the work offered at RBEI is very very mediocre, and decades behind other companies in the industry. Only the most talented people will find good offers and quit. Rest all useless uncles and aunties will remain, waiting for hike in July. Which will anyway get postponed again because there are too many useless people in the company and not enough money to pay them.
I think its just a rumour but don't expect any significant hike
I heard that there is a chance of normalisation of salary in the July ASR.
Not possible single digit hikes