Bosch To Suspend Production For Up To 10 Days Across Plants This Quarter
Auto components major Bosch Ltd. said it will suspend production at its powertrain solution division manufacturing plants for up to 10 days per month during the October-December quarter in order to adjust production to market demand.
"In order to align production with sales requirements, the company at its various plants belonging to powertrain solutions division would continue to observe no-production days ranging up to 10 days per month per plant during the third quarter of 2019-20 fiscal," Bosch Ltd. said in a regulatory filing.
In August, the company had announced that it will temporarily stop production at its two plants separately during the month for a total of 13 days to "avoid unnecessary build-up of inventory".
The company had suspended production at the Gangaikondan plant in Tamil Nadu for five days in August. It had also suspended manufacturing activity at Nashik plant in Maharashtra for eight days during the same month.
Earlier, the company had suspended all manufacturing operations at its plant at Bidadi for three days from Aug. 1-3. In July, Bosch had suspended production at Jaipur and Bidadi plants for one day each.
Shares of Bosch closed 2.88 percent down to Rs 13,165.75 apiece on the BSE.