Bosch Ltd, one of the largest automotive component manufacturers in India and a subsidiary of Germany?s auto parts giant Robert Bosch, has said that lockout at its Naganathapura plant would have an impact on its proposed investments in India. ?It (lockout) will have an impact on future investments,? said Soumitra Battacharya, senior vice-president of Bosch Ltd, which has five manufacturing facilities in India — two in Bangalore, one each in Goa, Nasik and Jaipur.
During the Delhi Auto Expo in January, Bosch said it would invest Rs 2,000 crore in India between 2010 and 2012. A lion?s share of it would go into its automotive business. The company invested Rs 2,100 crore in India between 2005 and 2009.
He said the company?s OEM clients have lost Rs 1,000 crore in turnover in the last one month because of labour-related problems at the plants in Bangalore. He said some OEM clients have slowed down their production owing to irregular supply.
The company could not properly supply components to its clients for the past one month as workers of the plants in Naganathapura and Adugodi have resorted to ?go slow? since February 12, cutting down production by 40%. Bosch?s customers include Maruti Suzuki, Hyundai, Tata, Volvo, M&M, Ashok Leyland, Ford, Suzuki and TVS. ?Some of our customers depend entirely on Bosch for some basic products,? he said without disclosing the details of such clients.
The company has incurred a loss of Rs 1 crore at its Naganathapura plant and Rs 3 crore at its Adugodi facility in the past one month due to workers? agitation. Bosch has declared a lockout at its Naganathapura plant two days ago after workers resorted to a flash strike and assaulted an officer over wage revision.