Con­ti­nen­tal breaks ground for new plant in Pune

Auto components India - - COVER STORY -

Con­ti­nen­tal has held the ground­break­ing of its green field plant in Tale­gaon, Pune, ded­i­cated to its pow­er­train busi­ness. Around 30 mil­lion eu­ros (Rs 240 crore) are planned to be in­vested in in­fra­struc­ture and build­ings un­til 2020. Pro­duc­tion start is sched­uled for early 2020 for var­i­ous driv­e­train prod­ucts in­clud­ing en­gine man­age­ment sys­tems, sen­sors and ac­tu­a­tors as well as fuel and ex­haust man­age­ment com­po­nents for pas­sen­ger cars, two-wheel­ers and com­mer­cial ve­hi­cles.

Klaus Hau, Ex­ec­u­tive Vice Pres­i­dent, Pow­er­train Com­po­nents Busi­ness Unit, said, “In­dia plays a cen­tral role in our global growth strat­egy. Due to the in­creas­ing strin­gent emis­sion leg­is­la­tion in the au­to­mo­tive mar­ket, in­clud­ing two-wheeler mar­ket, we are ex­pect­ing a grow­ing de­mand for low-emis­sion tech­nolo­gies. Through this in­vest­ment, we are ex­pand­ing our in­volve­ment in this im­por­tant mar­ket, thereby en­sur­ing that we will bet­ter sat­isfy the cus­tomers’ grow­ing de­mand.”

Prashanth Doreswamy, Mar­ket Head, Con­ti­nen­tal In­dia and Man­ag­ing Di­rec­tor, Con­ti­nen­tal Au­to­mo­tive In­dia, said, “This in­vest­ment re­in­forces our com­mit­ment to the In­dian mar­ket. Con­ti­nen­tal has been grow­ing ahead of the mar­ket in In­dia. To con­tinue do­ing so, we need to in­vest both in tech­nolo­gies of to­mor­row and ex­pand our reach in the mar­ket. Wih this in­vest­ment in our pow­er­train busi­ness, Con­ti­nen­tal will bet­ter sup­port In­dia’s drive for cleaner air.”

Con­ti­nen­tal has in­vested around 260 mil­lion eu­ros (Rs 2100 crore) in In­dia dur­ing the 10-year pe­riod from 2008 for its var­i­ous busi­nesses. The com­pany is sup­port­ing cus­tomers in their tran­si­tion to BS-VI emis­sion stan­dards and the com­pany will in­vest in en­hanc­ing com­bus­tion en­gines and elec­tro-mo­bil­ity. In De­cem­ber 2018, Con­ti­nen­tal an­nounced ground­break­ing of green field fa­cil­ity in Pune to man­u­fac­ture premium sur­face ma­te­ri­als for the au­to­mo­tive in­te­rior for 22 mil­lion eu­ros (Rs 180 crore). The com­pany re­cently an­nounced an ad­di­tional R&D fa­cil­ity in its ex­ist­ing au­to­mo­tive plant in Gur­gaon.

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