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Home News Covid Crisis: Bosch suspends operations at Nashik plant till May 23

Covid Crisis: Bosch suspends operations at Nashik plant till May 23

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May 14, 2021May 14, 2021
Covid Crisis: Bosch suspends operations at Nashik plant till May 23

Nashik,
Maharashtra

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

Auto component
major, Bosch has announced the shutdown of operations at its Nashik plant till
midnight of May 23. All employees—direct, indirect and off-roll—were directed
to stay at home as per a regulatory filing by Bosch Ltd.

The company’s
move comes at a time when the Maharashtra government has issued directives with
the clear intention of breaking the COVID-19 transmission chain amid the surge
of COVID-19 cases.

Bosch noted that
while the impact on the company’s business is yet to be assessed, the
suspension of operations will slightly affect supplies to Original Equipment
Manufacturers (OEMs) and the automotive
aftermarket segment. The aftermarket segment is already strained due
to the many lockdowns as well as supply chain instabilities.

Bosch’s Nashik
plant employs around 2500 associates. The plant supplies common rail systems
along with a key portfolio of injectors and nozzles for passenger cars, heavy
and commercial vehicles and tractor segments.

Source:
The Economic Times

Related
Stories:

https://www.automotiveproductsfinder.com/technical-articles/bosch-power-tools-launches-smart-cordless-measuring-tools-in-india/133838

https://www.automotiveproductsfinder.com/industry-news/bosch-wins-euro-13-bn-electromobility-orders/133501

 

 

 

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