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You are here: Home1 / News2 / Conti Launches Indian Electronics Hub, Considers Manufacturing Unit

Conti Launches Indian Electronics Hub, Considers Manufacturing Unit

Date: 15th July 2008 Author: Admin Comments: 0

Continental has launched an electronic components manufacturing plant in India’s IT hub. The production line will cater to the needs of the expanding auto-market on the subcontinent. The facility, which is located in a greenbelt location in Bangalore, is a high-tech venture including a research and development wing, costing the company in the vicinity of 2.2 billion rupees.

Speaking to journalists at the launch, Jay Kunkel – President Asia for the company – said that the firm has been planning to set up a retail and distribution system in Indian and – while there are no concrete plans – that the German giant would look into the feasibility of a manufacturing unit. The company is looking to provide tyres for the high-end segment of after-market sales in India.

Kunkel continued, “The booming Indian automotive market has become strategically important for us to deepen our business in the sub-continent. The projected annual growth rate of 15 percent is a huge opportunity to leverage our expertise in vehicle technology and supply affordable components and systems to Indian and multinational OEMs (original equipment manufacturers).”

Related news:

  1. MRF Lands OE Deal with Military Aircraft Manufacturer
  2. New Thailand Logistics Provider for Continental
  3. Continental drives premium safety message home
  4. Groundbreaking for Conti R&D centre extension
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Asia, automotive, Continental, India, Manufacturing, research, retail

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