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Bosch's Indian Unit Begins Restructuring As Auto Sector Slowdown Bites


Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5% in the June quarter.

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India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit.

Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5% in the June quarter.

The outlook for the auto industry was "extremely" challenging, Managing Director ...


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