Continental strengthens presence in India

January 17, 2019 //By Christoph Hammerschmidt
Continental strengthens presence in India
The automotive supplier Continental has laid the foundation stone for a new plant for the production of powertrain components in the Indian city of Taleogan (Pune district). By 2020, the company plans to invest the equivalent of 30 million euros (2.4 billion rupees) in infrastructure and buildings at this location. Production is to start at the beginning of 2020.

The portfolio will include various drive products for passenger cars, two-wheelers and commercial vehicles, including engine management systems, sensors and actuators as well as fuel and exhaust management systems.

India plays a central role in Continentals global growth strategy, said Klaus Hau, Head of Powertrain Components, Continental Powertrain. Here, the company has grown faster than the overall market in the past. "We expect growing demand for low-emission technologies in the Indian automotive and two-wheeler markets due to stricter emission regulations," Hau added.

In order to secure its growth into the future, Continental intends to invest in developing green technologies and expand its market coverage.

Since 2008, the Continental Corporation has invested around 260 million euros (21 billion rupees) in India in various business areas. The technology company is supporting all major car manufacturers in India in converting to the BS VI emissions standard and continues to invest in optimizing combustion engines and electric mobility.

In 2018, Continental announced that it would invest high double-digit million euros in India by 2020 and increase the number of employees to up to 10,000 during this period. In December 2018, the company also broke ground for another plant in Pune, where surface materials for automotive interiors are to be produced and in which around 22 million euros (1.8 billion rupees) will be invested. Continental has also announced an additional research and development facility for the existing automotive plant in Gurgaon near Delhi.

The Tier 1 automotive supplier and tire manufacturer currently employs more than 8,000 people at 15 locations in India, including eight plants serving the Indian market and a technical center that supports Continental's research and development activities worldwide.

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