Bosch shuts Jaipur plant for two days due to slowdown

Dec 30, 2013, 12.40 PM IST

The Jaipur plant is the the lead plant for VE pump, an injection pump used in diesel engines. Bosch supplies various parts, including critical engine components, to many automobile manufacturers in India.

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Bosch shuts Jaipur plant for two days due to slowdown

The Jaipur plant is the the lead plant for VE pump, an injection pump used in diesel engines. Bosch supplies various parts, including critical engine components, to many automobile manufacturers in India.

Like this story, share it with millions of investors on M3

Bosch shuts Jaipur plant for two days due to slowdown

The Jaipur plant is the the lead plant for VE pump, an injection pump used in diesel engines. Bosch supplies various parts, including critical engine components, to many automobile manufacturers in India.

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Leading auto component supplier  Bosch is shutting its plant at Jaipur for two days till tomorrow in the wake of slowdown in the automobile industry. In a filing to the BSE, the company said: "....with a view to adjust production to meet the demand for products and to avoid unnecessary build-up of inventory, the manufacturing operations at the company's Jaipur Plant have been suspended on December 30 and December 31, 2013."

The Jaipur plant is the the lead plant for VE pump, an injection pump used in diesel engines. Bosch supplies various parts, including critical engine components, to many automobile manufacturers in India.

The Indian automobile industry has been going through a prolonged demand slump. Domestic passenger car sales declined 8.15 per cent to 1,42,849 units in November this year as compared to 1,55,535 units sold in the same month last year.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), total sales of commercial vehicles were down by 28.78 per cent to 43,730 units from 61,403 units in the year-ago period.

Shares of Bosch Ltd were trading at Rs 10,414.50 per scrip in the afternoon trade, down 0.22 per cent from the previous close on the BSE.

Bosch stock price

On December 30, 2013, at 14:05 hrs Bosch was quoting at Rs 10377.00, down Rs 60.7, or 0.58 percent. The 52-week high of the share was Rs 11500.00 and the 52-week low was Rs 8000.00.

The company's trailing 12-month (TTM) EPS was at Rs 292.29 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 35.5. The latest book value of the company is Rs 1775.00 per share. At current value, the price-to-book value of the company is 5.85.

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