Industry Slowdown Forces Bosch To Shut Jaipur Plant | SupportBiz

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Industry Slowdown Forces Bosch To Shut Jaipur Plant

 
The Indian passenger car sales have declined 8.15 percent to 1,42,849 units in November 2013 as compared to 1,55,535 units sold in the same month last year.

Bangalore, December 31: The slowdown in the automobile industry has apparently forced auto component supplier giant Bosch to shut down its Jaipur plant for two days till Tuesday.

“With a view to adjust production to meet the demand for products and to avoid unnecessary build-up of inventory, the manufacturing operations at the company’s Jaipur Plant have been suspended on 30 December and 31 December 2013,” the company said in a filing to the Bombay Stock Exchange (BSE).

Bosch is the leading supplier of various parts, including critical engine components, to many automobile manufacturers in India. The Jaipur plant is major plant for VE pump, an injection pump used in diesel engines, PTI reports.

In a prolonged demand slump, the Indian passenger car sales have declined 8.15 percent to 1,42,849 units in November 2013 as compared to 1,55,535 units sold in the same month last year. Total sales of commercial vehicles were down by 28.78 percent to 43,730 units from 61,403 units in the year-ago period, reveals the data published by the Society of Indian Automobile Manufacturers (Siam).