The Representative

India's Youth News Tank

Worst auto sales, Bosch India planning to merge with its parent company.

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Bosch India has made a decision to merge with its parent company Bosch while it witnesses the worst auto sales slowdown. Bosch India to lay off total workforce of 3700 White Collar Employee

Pertaining to this, the German company is planning on cutting down the jobs severely.

Soumitra Bhattacharya, MD of Bosch India stated that, “there is a transformation happening across the industry”, and Bosch looked at it as an opportunity to turn the tables.

Economic slowdown can be a major reason for job cutdown and less sales.

Bosch is expecting the sales to recover only after 2-3 years.

The recovery period has a slow growth curve due to some irregular regulatory changes and flickering decisions of some highly intellectual, powerful people in the country.

Bosch India profit has severely gone down by 66% in the third quarter.

The share prices have fallen down by 22%. Global investors see Indian market as a threat when conditions like these prevail.

This all the more contributes to the economic slowdown of the country.

With advanced technological tools, the Indian auto sector is soon going to witness many more changes.

But the question lies, will the German company shut down its operations in India, provided the economic slowdown wave hits the auto sector badly?

What is your take on this?

An Article By – Radhika

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