Filter Your Search

  • PRODUCTS
    • Accessories
    • Batteries
    • Body & Exterior parts
    • Brake Parts
    • Chassis & Suspension
    • Drive Transmission & Steering Parts
    • Electrical & Electronic
    • Engine Parts
    • Forgings & castings
    • Garage Equipments
    • Instruments
    • Interior Parts
    • Locks & Switches
    • Oil & Lubricants
    • Powertrain
    • Rubber & Plastic parts
    • Tyres
  • OEM
    • Ampere Vehicles
    • AMW
    • Ashok Leyland
    • Aston Martin
    • Atul Auto
    • Audi
    • Avan Motors India
    • Bajaj Auto
    • Bentley Motors Limited
    • BMW
    • Chrysler
    • Daimler
    • DSK
    • Ducati
    • Eicher
    • Escorts
    • Ferrari
    • Fiat
    • Force Motors
    • Ford
    • General Motors
    • Goenka Electric Motor Vehicles
    • Great Wall Motors
    • Harley-Davidson
    • Hero Electric
    • Hero Electric India
    • Hero MotoCorp
    • Hindustan Motors
    • HMSI
    • Honda
    • Hyundai
    • India Yamaha Motors
    • International Cars & Motors
    • Isuzu Motors
    • Jaguar Land Rover
    • JBM Group
    • JCB India
    • John Deere
    • Kawasaki
    • Kia Motors
    • Kinetic
    • KTM
    • Lamborghini
    • Lexus India
    • Lohia Auto
    • Mahindra
    • MAN Trucks India
    • Maruti
    • Maserati
    • Mazda
    • Mercedes-Benz
    • MG Motor
    • Mitsubishi
    • Nebula Automotive
    • New Holland
    • Nissan Motor India
    • Okinawa
    • Olectra- BYD
    • Piaggio
    • Polaris
    • Porsche
    • Premier
    • PSA Peugeot Citroen
    • Renault India Pvt Ltd
    • Rolls-Royce
    • Royal Enfield
    • Scania
    • Skoda
    • Sonalika
    • Suzuki Motorcycle
    • TAFE
    • Tata
    • Toyota
    • Triumph Motorcycles India
    • TVS
    • Twenty Two Motors
    • UM Lohia Two Wheelers Pvt Ltd
    • UM Motorcycles
    • VECV
    • Volkswagen
    • Volvo
    • Volvo Group India Pvt Ltd
  • NEWS
    • Associations and Bodies
    • Awards & Inaugurations
    • Commercial Vehicles
    • Conferences & conventions
    • Corporate Profiles
    • Dealer Meets
    • Electric & Hybrid vehicles
    • Exhibitions
    • Financial Results
    • M & A and Collaborations
    • Management Changes
    • Milestones
    • Miscellaneous News
    • New Launches
    • Policy & Economy
    • Races & Rallies
    • Retail Sales & Services
    • Surveys & Reports
    • Two & Three Wheelers
Archives

Continental expansion plans for India

15/09/2011 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

From the press meeting

CONTINENTAL, one of the leading international automotive suppliers and the world’s fourth largest tyre manufacturer, has announced its expansion plans for the Indian market, post-acquisition of Modi Tyres Company Limited (MTCL) recently. The new entity Continental India Ltd is ramping up its operations significantly in both replacement and OEM space in India. Continental India will be increasing the production of the Modipuram plant beyond half a million bias truck and bus tyres (TBX) this year. From there TBX production is planned to continuously grow to more than one million units in 2013. In addition, Continental India announced further investments of more than 50 million Euros to start production of radial tyres for passenger cars and commercial vehicles in the second half of 2013. Mr Nikolai Setzer, Executive Board Member Continental AG and Head of the Tyre Division, said in Delhi that in India, there is a rising demand for vehicles with high quality tyres as well as premium technology. Thus, we are convinced that radialisation will be the driving force in the Indian truck tyre market, and therefore our further investments of more than 50 million Euros in radial truck tyre production will prepare a solid base in order to meet that demand." Mr Andreas Penkert, designated CEO of Continental India Ltd, said, "This is a milestone for our corporation in India. Continental increased its sales in Asia at corporate level by almost 50 per cent to over four billion Euros last year. Globally, Continental is Europe’s market leader for passenger car tyres.

Move To Top  < Previous News   |   Next news >

 

Leave a Comment


Not readable? Change text.

Comments