Need For Inventory Correction For OEMs: Soumitra Bhattacharya, Bosch India
  • WebDesk BTVI
  • Aug 13 2019

Auto components major Bosch has posted a weak June quarter result, with consolidated net profit falling 35 per cent year-on-year at Rs 280 crore, revenue down 13.5 per cent at Rs 2,779 crore, EBITDA down 23.1 per cent at Rs 482.9 crore and EBITDA margin at 17.4 per cent vs 19.6 per cent. Speaking to BTVI, Soumitra Bhattacharya, MD at Bosch India, said there is need for inventory correction for original equipment manufacturers (OEMs). Here's more.