The German auto component maker in India has announced that it will close its production facilities in Nasik temporarily from November 28-29. The company will not only shut down select production areas or shops at its Nasik manufacturing facility but will also stop manufacturing starters and generators at its Naganathapura plant between November 26-29. The Nashik manufacturing unit manufactures nozzle holders, DZ nozzles and has a common rail injector assembly line. The company stated that it wanted to refrain itself from unnecessary inventory build up at its plant and adjust the production according to the market demands.
Nasik factory employs about 4500 employees while Naganathapura plant employs about 1500 people. According to the company sources, none of the employees have been laid off but only the plants have been closed for three days.
Auto component manufacturers have been experience a slump in the demand as the car industry all across the globe is ailing under recession. Moreover, many auto component manufacturers are also facing tough times as General Motors in the United States is sailing through choppy waters. Bosch is one of the leading original equipment manufacturer (OEM) for the automotive industry all across the world.