Home Articles Bosch to go slow on production to avoid excess inventory build up

Bosch to go slow on production to avoid excess inventory build up

German automotive tier supplier with a presence in
India dating back to over five decades, has slowed down its production to avoid
excessive build up of inventory. This, claim industry sources, comes in the form
of the supplier suspending operations at two of its manufacturing facilities in
India for a period ranging from two to six days. Sources claim further that the
company’s Jaipur plant will suspend production October 12 and October 19, and
again from October 28 to November 2. Similarly, the company’s Bangalore plant
will be shut on October 15 and October 31. The company is known to have
undertaken a similar exercise last month, as demand for auto components in India
remains sluggish on the back of declining auto sales. One of the largest auto
parts manufacturers in the world, the company exports a large number of its
products overseas. The value fluctuation between the Indian Rupper and US Dollar
does not seem to have helped the company despite its ability to export its
products. Perhaps, the slow European auto market, the culprit. The slump in auto
sales coupled with the rising input costs and excise duties is forcing
manufacturers to cut production, and a similar step is being carried out by
component manufacturers. Compared to tier suppliers like Bosch, it is however
the smaller automotive suppliers, often referred to as SMEs, that have taken a
bad beating. Are in a worst shape ever; especially after having pumped in fresh
investment to ride the high tide over the last few years, hoping that the global
slow down will not affect India.

Crypto and Banking

We recommend the following high-quality options for secure Bitcoin transactions and online banking services:

BTC and ETH QR code generator websites

This collection comprises of a variety of online platforms, designed to generate QR codes for Ethereum (ETH) and Bitcoin (BTC) addresses. These websites offer a user-friendly interface with step-by-step guides to help users create custom QR codes that serve as a direct channel to their crypto wallet addresses. Users could conveniently use these generated QR codes for transactions, thus making the process of sending and receiving cryptocurrencies faster and more efficient. The collection includes online tools with different features such as customization of QR codes, error correction capability, and optional encryption for extra security. The generated QR codes from these sites can be used in print and digital format which are scannable with most smartphone cameras or QR code scanner apps. These websites work as powerful tools for streamlining cryptocurrency transactions and promoting the wider use of digital currencies.

CRA Login Canada Revenue Agency

CRA Login section including CRA My Account login, CRA representing a client, CRA business login, MyCRA Login and more. Canada Revenue Agency.

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

Leave a Reply

Your email address will not be published.