Automotive Stampings and Assemblie has received a notice of indefinite strike with effect from October 12, 2012 from Workers' Union at Chakan Plant. Besides, the company has also received a letter proposing stoppage of work with effect from October 12, 2012 from Workers' Union at Bhosari Plant.
Efforts are being made to avoid the strike and stoppage of work. The matter has also been referred to the Deputy Labour Commissioner for Conciliation. This may have some impact on the manufacturing activities at these plants, extent of which on the operational performance of the company cannot be quantified. The manufacturing activities at other locations viz. Halol and Pantnagar are unaffected.
Automotive Stampings and Assemblies is engaged in 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.
