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 is suspending all manufacturing operations at its Gagaikondan plant, Tamil Nadu for a five-day period from today till July 27.
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.