Automotive Stampings and Assemblies is experiencing labour agitation for the last few days in two out of four manufacturing plants located at Bhosari and Chakan near Pune. The agitation is for wage revision and other related matters. This has had some adverse impact on the manufacturing activities at these plant locations.
Besides, the extent of its impact on the operational performance of the company cannot be quantified. However, the discussions between the management and the union in this regard are ongoing.
Automotive Stampings and Assemblies is into the production of a wide range of sheet metal components for the automotive industry. Its product mix can be broadly classified into three categories: (i) Structural Panels and Skin Panels for the vehicle body (BIW) (ii) Modules and Aggregates including Chassis sub-assemblies (Under body) (iii) Oil Sumps and Fuel tanks. Its products mainly cater to passenger and commercial vehicles.
