Our Bureau Continental, an international automotive supplier and tyre manufacturer, plans to invest on a ‘high three-digit crore rupee’ level over the next two years in India.

The funds will be used to expand the capacity of all its divisions as well as in greenfield investments, spanning across key automotive hubs. The company will also ramp up its headcount in India and plans to reach the 10,000 mark in two years, said the company in a press statement.

“The global automotive industry is at the cusp of transformation — the largest it may have seen in its 130-year history. As a technology company we are at the forefront of innovation. This requires technological prowess, R&D focus, business agility and adaptability,” said Frank Jourdan, Continental’s executive board member and President of its Chassis & Safety Division. “We are making investments where it matters. India is an important market and R&D hub for Continental, and it is in our strategy to bet big on this market.”

Prashanth Doreswamy, Head of Continental India, said: “With competent resources and proven Continental technologies, the timely investment will propel our localizations efforts for safe, clean and intelligent mobility, for both passenger cars and two wheeler segments”.

Additionally, Continental TCI, the company’s in-house R&D centre, is on the fast lane, ramping up headcount aggressively in several technology areas. The R&D centre, which supports all automotive divisions of Continental globally, is well on its way to become a centre of competence for different technologies, for example Artificial Intelligence and ADAS technologies, the statement said.

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