Register to Subscribe



Home arrow News arrow Auto component arrow Continental to invest 50m Euros to ramp up radial tire production in India
Continental to invest 50m Euros to ramp up radial tire production in India Print E-mail
Written by Viswanath   
Friday, 26 August 2011
New Delhi: Continental, following the recent acquisition of Modi Tyres Company Limited (MTCL),, has announced its expansion plans for the Indian market. Continental India will be increasing the production of the Modipuram plant to over half a million bias truck and bus tires (TBX) as early as this year. There are plans for TBX production to grow continuously 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 tires for passenger cars and commercial vehicles in the second half of 2013.

Continental India Ltd is ramping up its operations significantly in both replacement and OEM business in India.

"In India, there is a rising demand for vehicles with high quality tires as well as premium technology. Thus, we are convinced that radialization will be the driving force in the Indian truck tire market, and therefore our further investments of more than 50 million Euros in radial truck tire production will prepare a solid base in order to meet that demand," said Nikolai Setzer, Executive Board Member Continental AG and Head of the Tire Division.

In the near future, Continental plans to manufacture radial tires at the Modipuram plant and will generate a competitive leap by being able to offer both radial and bias tires out of local production. This move will also create further job opportunities as Continental India Ltd plans to increase its headcount by more than a third from the current 1,600 employees up to 2,200 to 2,400 within the next few years.

At present, Continental has access to 110 regional distribution centers and about 1,400 dealers nationwide that provide links to truck fleets and end consumers. Fresh dealerships will be added at regular intervals. A major portion of sales historically came from aftermarket sales.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2014 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768