Revenue from operations however increased to Rs 3,029.64 crore as against Rs 2,536.64 crore in the year-ago period, Bosch Ltd said in a regulatory filing.
“The sales figure for the festive season in the last quarter was better than anticipated, especially in the tractor and passenger automotive segments. However, the volatilities in the supply chain continued to disrupt growth,” Bosch Ltd managing director Soumitra Bhattacharya said.
Since late last year, the industry has been hit by a shortage in the supply of semiconductors, which has impacted the company’s imports and automotive production in India, he added.
The company is currently focusing on maintaining supply chains to the extent possible despite a tense market situation, while discussing the issues directly with its customers and suppliers, Bhattacharya said.
The company said its board approved the appointment of SC Srinivasan as a Joint Managing Director for a period of three years with effect from February 12,2021 to February 11, 2024, subject to approval of the shareholders.
