Bosch will suspend production at Bangalore and Nasik plants to avoid unnecessary build up of inventory.
“With a view to adjust production to meet the demand for products and to avoid unnecessary build up of inventory, it is proposed to suspend the manufacturing operations of the Bangalore and Nashik plants,” the Bangalore headquartered company said in a filing to the BSE.
The Bangalore plant will be closed until July 30th, while Nashik plant will be closed only on July 30th and 31st. Bosch also has manufacturing plants in Naganathapura near Bangalore and Jaipur. The company has over 25,000 associates in India and in 2011 it generated consolidated revenue of over Rs 11,300 crore. Bosch, which is the flagship company of the Bosch Group earned last year revenue of over Rs 8,000 crore.
Auto-component manufacturer Bosch took the decision to stop production at these two plants to avoid any unnecessary buildup of inventory and to adjust production to meet the demand. Bosch plays an important part in the diesel segment and it is also one of the most important suppliers of common rail direct injection systems in India.