After auto components major Bosch Ltd, Sundaram-Clayton, Hero MotoCorp now announce temporary production shut down
Bosch Ltd, the flagship company of Bosch Group, plans to open 230 multibrand Bosch Car Service (BCS) centres by 2010 across the country, taking the total number to 500.
Shortages of chips will impact the car market
Bosch Rexroth (India) Ltd, part of German automation firm Bosch Group, is expecting completion of its drives and control systems production facility in Sanand, Gujarat, by November or December this year, according to V K Viswanathan, managing director of Bosch Ltd.
The company's Bengaluru plant has a history of workers unrest and in September 2011, the plant was shut down temporarily following strike by workers.
Albert Hieronimus tells Bibhu Ranjan Mishra and Pradeesh Chandran, he is optimistic.
Automotive technology major Bosch Ltd on Thursday said it may be 'compelled' to declare a lockout at its main manufacturing unit in Bengaluru, three days after it shut operations at Naganathpura plant.
Company officials said they had initiated action against the Chinese exhibitor responsible, but refused to elaborate. It could not be confirmed if any case had been registered with the police or with any authority.
Earlier this week, Bosch had said it would temporarily stop producing auto parts in India as part of its global working hours rationalisation programme due to the slowdown in international markets. The company is also closing down temporarily the manufacturing activities of starters and generators at its Naganathapura plant from December 19-31.
Bosch Ltd, a supplier of automotive components to original equipment makers, has reported 69.4 per cent drop in net profit to Rs 49.3 crore for its first quarter ended March 2009, compared with the corresponding quarter last year. Its net sales for the quarter dropped 20.6 per cent to Rs 991.6 crore.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The company, which is facing strike at its Bengaluru plant, and had faced labour unrest at Jaipur plant, also said that such stirs could hurt India's competitiveness.
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