The component supplier is suspending manufacturing operations at its Gagaikondan plant for a five-day period.
The slowdown in automotive retail sales has had a ripple effect impacting OEMs, suppliers and all stakeholders alike. Among the latest to see the impact of such a slowdown is German component supplier major Bosch, which proposed suspending all manufacturing operations at its Gagaikondan plant, Tamil Nadu for a five-day period from today till July 27.
On July 23, the company confirmed that the plant will be shut for a period of only two days - July 27 and July 29 - as against the previously proposed five-day closure.
The company says the decision is with a view to adjust its production to meet the demand for products and avoid unnecessary buildup of inventory.
The Gagaikondan plant, inaugurated on January 22, 2015, is spread across 6,500 square metres. The facility is part of the company's plan to facilitate its gasoline systems business and further localise manufacturing and increase cost-competitiveness in the country.
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