Hit by sluggish demand, auto component major Bosch has decided to suspend production of various equipment, including diesel products, tomorrow at its Bangalore facility in order to minimise operating cost.
In a filing to the BSE, the company said it is proposed to suspend manufacturing activities of diesel products (except common rail pump), industrial equipment and power tools division at the Bangalore plant on April 4.
This is being done to minimise overhead and operating cost in view of lower customer demand. "There is no financial impact on account of this suspension for a day," it said.
However, other manufacturing operations related to common rail pump, engineering testing, automotive workshop equipment and manufacturing of calibration test benches and machine building shops "will work normally", it added.
Last month, operations at the company's Jaipur plant remained shut due to a day-long strike called by the labour union over wage settlement issues.
There was also a fire accident in the company's Naganathapura plant, near Bangalore, last month.
