Manufacturers of auto components, Bosch Ltd said that it will be suspending operations from its manufacturing plants in Bangalore and Nasik. The company said that it will be suspending its operations so as to avoid unnecessary built up of inventory.
Bosch, which has its headquarters in Bangalore said, “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 Nasik plants”. The Bangalore plant will be closed for operations during the next three days on July 27, July 28 and July 30.
The Nasik plant will be closed on July 30 and July 31. Apart from the two plants in Bangalore and Nasik, Bosh also has plants in Naganathapura near Bangalore and also in Jaipur.
The company website has mentioned Bosch Group in India employs more than 25,000 associates. In India the company generated a consolidated revenue of more than Rs. 11,300 crore in the year 2011. Bosch is a flagship company of the Bosch Group. The company said that it earned a revenue of Rs. 8,000 crore in the year 2011. Despite repeated attempts, no one from the company was available for comments. On July 26, 2012 the shares of the company closed at Rs. 8,660.05 apiece on the BSE.
