Latest news with #Continental
Time of India
a day ago
- Automotive
- Time of India
Continental puts brakes on truck-bus radial tyre biz in India
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Tyre maker Continental on Monday said it will discontinue its truck and bus radial tyre business in India with immediate effect, as part of a strategic realignment of its product portfolio in the company will fully focus on the profitable growth of its passenger car and light tuck (PLT) tyre business in the future, it said in a part of this strategic transition, the company will discontinue its Truck and Bus Radial (TBR) tyre business, it includes its dedicated TBR manufacturing line at its Modipuram tyre plant in Meerut, Uttar Pradesh."The company's priority is to support its employees by providing assistance and support, such as career counselling, as well as exploring potential employment opportunities inside and outside of Continental. In addition, a voluntary retirement and separation scheme will be offered," the company company, however, did not share the number of employees being impacted by this company stated the realignment is aimed at ensuring the long-term viability of Continental Tires' operations in the country."In response to changing local customer demand, Continental will focus on further developing its local product portfolio and manufacturing footprint to align with future growth opportunities in the PLT tyre premium segment," it decision follows a comprehensive business review aimed at safeguarding and strengthening the company's competitiveness in the Asia-Pacific region, it intense competition and high price sensitivity in the TBR segment, sustaining long-term value from Continental's premium offerings has been a significant challenge, it noted."Hence, Continental's Truck and Bus Radial tyre business manufacturing operations in India will be discontinued as of June 2025," it company noted that India remains a strategically important market for its tyre 2024, the Hanover-headquartered Continental generated sales of 39.7 billion euro and currently employs around 1,90,000 people in 55 countries and tyre division employs more than 57,000 people worldwide and has 20 production and 16 development sites.
Time of India
a day ago
- Automotive
- Time of India
Continental Tires exits truck tyres biz; to focus on passenger segment
In a major strategic shift in India, Continental Tires has announced that it will exit its its Truck and Bus Radial (TBR) tyre business by June 2025 and will focus solely on Passenger Car and Light Truck (PLT) tyre segment. The TBR segment faces stiff competition and is highly price sensitivite. This realignment includes ceasing TBR manufacturing at its Modipuram plant in Meerut, Uttar Pradesh, to ensure the long-term viability of its operations and align with future growth opportunities in the PLT tyre premium segment . The company has recently opened an IT Hub in Bengaluru. A boost to local products The Faridabad-headquartered company will focus on further developing its local product portfolio and manufacturing footprint to align with future growth opportunities in the PLT tyre premium segment. The decision follows a comprehensive business review, which was aimed at safeguarding and strengthening the company's competitiveness in the Asia-Pacific region. The company serves both replacement and original equipment customers. Support for employees In the restructuring plan, the company has chalked out a plan to provide assistance to its affected employees. This support includes assistance and support, such as career counselling, and potential employment opportunities inside and outside of Continental. In addition, a voluntary retirement and separation scheme will be offered to the employees.
Time of India
a day ago
- Automotive
- Time of India
Continental Tires announces exit from from this key tyre segment in India: Details
Continental Tires has announced a significant shift in its India operations, with plans to discontinue one of its product categories as part of a strategic realignment. The global tyre major will now concentrate solely on strengthening its Passenger Car and Light Truck tyre segment in the country. Tired of too many ads? go ad free now As a result, the company has decided to shut its Truck & Bus Radial tyre business in the country, which includes its dedicated production line for the category at its Modipuram facility in Meerut, Uttar Pradesh. The decision follows an internal review of business operations in India, prompted by growing cost pressures and market sensitivity in the TBR segment. The company has decided to narrow its focus to the PLT segment, which it considers more viable for long-term growth. The move is part of Continental's efforts to focus on sustainable growth areas and respond to evolving market conditions and customer demands in India, a statement from the company explained. The shift in strategy is about securing future-ready operations in India. This realignment allows us to better serve the growing demand for high-quality passenger and light truck tyres, the company said. Volkswagen Golf GTI first drive review: Fast, Fun, Flawless? | TOI Auto Continental has assured support for employees impacted by the transition. Measures include career counselling, internal and external job placement opportunities, and voluntary separation schemes. Despite winding down this business line, India remains a critical growth market for Continental in the region. The company continues its PLT tyre manufacturing at Modipuram and recently expanded its presence with an IT hub in Bengaluru . Sales and distribution operations remain headquartered in Faridabad, Haryana. Stay tuned to TOI Auto for latest updates on the automotive sector and do follow us on our social media handles on Facebook, Instagram and X.
Yahoo
5 days ago
- Automotive
- Yahoo
Auto & Transport Roundup: Market Talk
Find insight on sales of EV and hybrids in China, Continental and more in the latest Market Talks covering the auto and transport sector..
Yahoo
5 days ago
- Entertainment
- Yahoo
John Wick 5: Ana de Armas on if She'll Return After Ballerina
While fans are eagerly waiting for the arrival of Ana de Armas' Ballerina, the actress has already shed light on her potential return to the franchise in John Wick 5. While Keanu Reeves, who has portrayed the legendary hitman for over a decade now, will be making an appearance in the franchise's first spin-off film, fans have wondered if Ana de Armas will return the favor in the confirmed John Wick 5. During her recent appearance at a recreated Continental hotel lobby at the John Wick Experience in Las Vegas, The Direct's Russ Milheim questioned Ana de Armas about the possibility of featuring in the upcoming installment in the John Wick film series. The actress expressed enthusiasm for the proposition but shied away from providing any confirmation. 'That would be really cool. I would love that. Why not? I mean, they already know each other, right? Like, why wouldn't it? I would love that. That would be amazing.' Taking place between the events of Parabellum and John Wick 4, the upcoming Ballerina will see Ana de Armas' Eve Macarro embark on a perilous journey to avenge her father's untimely death. The final trailer for the film also saw her character face off against Keanu Reeves' deadly assassin. It is currently unknown whether Ana de Armas' character will survive her encounter with John Wick. Additionally, with Reeves' hitman seemingly meeting his end in John Wick 4, fans are curious to know how the creators will enforce his return in John Wick 5, while hopefully adding Ana de Armas to the film's cast. At the time of writing, John Wick 5 does not have a release date window. As fans wait for more updates on the movie's premiere schedule, they can see Reeves' Wick in action in Ballerina, which hits theaters on June 6, 2025. Originally reported by Apoorv Rastogi on SuperHeroHype. The post John Wick 5: Ana de Armas on if She'll Return After Ballerina appeared first on - Movie Trailers, TV & Streaming News, and More.
