Latest news with #ContinentalTires
Time of India
a day ago
- Automotive
- Time of India
Continental Tires to invest ₹100 crore in Modipuram plant to expand India operations
Continental Tires has announced a ₹100 crore investment in its Modipuram plant as part of its efforts to expand its product portfolio and manufacturing capabilities in India. The move is aimed at strengthening the company's presence in the passenger car and light truck (PLT) tyre segment. India continues to be a key growth market for Continental in the Asia Pacific region. The company said the investment aligns with its 'in the market, for the market' strategy, which involves tailoring production and offerings to local requirements. 'With our 'in the market, for the market' approach, we're aligning our portfolio to reflect the evolving lifestyle needs of Indian drivers, from daily commutes and long-distance travel to changing expectations around comfort, safety, and convenience," said Samir Gupta, managing director of Continental Tires India. Product focus shifts towards SUVs and performance segments Continental is expanding its range of Ultra High-Performance (UHP) and larger-inch tyres, with a focus on products suited for SUVs, 4x4s, and sporty vehicles. This follows a shift in consumer preference within the Indian market, driven by infrastructure changes and the rising popularity of utility vehicles. The company also plans to introduce the CrossContact AT2 tyre as part of its growing all-terrain product range. Continental Tires operates sales and distribution from Faridabad, while its Modipuram facility in Uttar Pradesh handles production for passenger and light truck tyres . It has a network of over 200 brand stores across India and recently opened an IT hub in Bengaluru. The company reiterated its intent to pursue long-term growth in India, focusing on locally engineered solutions for the domestic market.
Time of India
02-06-2025
- 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
02-06-2025
- 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.
Scoop
22-05-2025
- Automotive
- Scoop
Douglas Heads To The Oval After Breakthrough Victory
It has been a busy and rewarding month for Kiwi teenager Jacob Douglas in the USF Pro 2000 Championship Presented by Continental Tires – and the action isn't over yet. This week, Douglas and his Pabst Racing team head to Indianapolis Raceway Park for the season's only oval round, following a breakthrough maiden victory at the iconic Indianapolis Motor Speedway Road Course less than two weeks ago. The 0.686-mile (1.104 km) oval presents a unique challenge for the field, with two test sessions scheduled for Thursday, followed by qualifying that evening. A single practice session on Friday will lead into the round's only race. Douglas enters the event sitting fifth in the championship standings, buoyed by his race win in Indianapolis and confident in the team's pace. 'I'm really looking forward to getting back out there,' said Douglas. 'I haven't driven on an oval since 2022, so it's been a while, but I really enjoyed it last time. It's incredibly intense – the walls at IRP come up quickly, and you run right up alongside them. It takes maximum concentration, but we're ready for it. 'We've had strong pace all year, and getting that win at IMS proved it. I'm excited to carry that momentum into this weekend.' Douglas's victory came in Race 2 of the IMS triple-header and served as redemption after cruel misfortune in the opening race when, while leading, an electrical issue forced him to retire. Furthermore, contact from another competitor in a congested Turn 1 while battling for the lead in Race 3 denied him another potential podium. Since then, Pabst Racing has remained busy, heading to Mid-Ohio Sports Car Course for a two-day test. Douglas collectively completed 81 laps across four of the six sessions, finishing in the top seven in each of them. 'Conditions in Ohio were a bit mixed,' Douglas added, 'but we focused on setups and long-run pace in preparation for our round there later this season.' Douglas's performances throughout May have also impressed team owner Augie Pabst. 'Jacob's Indy pace was phenomenal all weekend,' he said. 'The team was thrilled to see him on the top step at such an amazing place. 'We made great progress at the Mid-Ohio test, albeit with challenging weather conditions. We're looking forward to capitalising on the gains made while testing when we head back in early July' On-track action at Lucas Oil Indianapolis Raceway Park begins with testing at 4:00 am and 7:00 am NZST (12:00 pm and 3:00 pm EDT) on Friday, followed by qualifying at 9:30 am NZST (5:30 pm EDT). The round's sole race gets underway at 1:30 pm NZST (9:30 pm EDT) and will be streamed live on the USF Pro Championships YouTube channel.
Zawya
19-03-2025
- Automotive
- Zawya
Continental Tire Plant in Korbach receives Internationally Recognized ISCC PLUS Sustainability Certification
Jorge Almeida, Head of Sustainability at Continental Tires: "We are consistently increasing the amount of renewable and recycled materials in our tires. Certifications contribute to transparency". Tires group sector strives for more than 40 percent renewable raw materials and recycled materials in its tires by 2030 The Continental tire plant in Korbach, Germany, recently became the company's fourth plant to receive the International Sustainability and Carbon Certification (ISCC) PLUS sustainability certification. This globally recognized standard certifies that Continental meets specific sustainability documentation requirements relating to the use of more sustainable materials. It also confirms the transparent traceability of the raw materials used in the production process. Certification of the raw materials enables Continental to ensure the end-to-end traceability of materials from renewable and recycled sources. For the premium manufacturer, this is a further step on the way to 100 percent sustainable materials in its tire products by 2050 at the latest. In addition to the tire plant in Korbach, the plants in Lousado (Portugal), Hefei (China) and Puchov (Slovakia) are already ISCC PLUS-certified production sites of Continental Tires. The certification was based on compliance with and documentation of certain processes for the mass balance of raw materials. The mass-balance approach mixes fossil, renewable and recycled raw materials in existing systems and processes. The quantities used are tracked along the entire value chain and can therefore be allocated proportionately at any time. The mass-balance approach enables Continental to gradually increase the proportion of sustainable materials in its products. It ensures that the share of certified sustainable materials can be accurately reported. "We are consistently increasing the amount of renewable and recycled materials in our tires. Certifications contribute to transparency," says Jorge Almeida, Head of Sustainability at Continental Tires. He adds: "Our ambition is to roll out the mass-balance approach to all of our tire plants worldwide." "At Continental, we are working worldwide to make the future of mobility more environmentally friendly. Our ISCC PLUS certification as well as our latest step, the use of recycled PET bottles in series production, are proof of our consistent implementation here in Korbach," says Klaus Ohlwein, Head of the Continental tire plant in Korbach. "We offer our customers high-performance tires that not only deliver outstanding performance but also increasingly support the bio-based and circular economy," Ohlwein continues. Complete traceability of mass-balance-certified materials International Sustainability and Carbon Certification (ISCC) was established in 2010 as part of a multi-stakeholder initiative and is a globally applicable and leading certification system aimed at promoting a traceable, sustainable, deforestation-free and climate-friendly supply chain. ISCC certifications are widely recognized and encompass sustainable agricultural biomass, biogenic waste and residues, non-biological renewable materials, and recycled carbon-based materials. The development and implementation of various certification standards is ISCC's tool for furthering its mission to mitigate climate change and bring greater traceability to global markets and supply chains. The UltraContact NXT is the first production tire for which Continental uses mass-balance-certified materials. Examples include synthetic rubber made from bio-based and bio-circular raw materials or carbon black, which is produced in part using oil from circular processes. It is manufactured at the Continental tire plant in Lousado, Portugal, since 2023. Ambition for 2050 at the latest: tires made entirely from sustainable materials Continental is working hard to replace as many raw materials as possible in production with sustainable alternatives. Raw materials that will be used in tire production in the future include, for example, agricultural waste such as the ash from rice husks, sustainable carbon black or recycled steel. The certification of the Continental plants is an important milestone in Continental's efforts to use more than 40 percent renewable and recycled materials in its tires by 2030 and to become completely climate-neutral by 2050. By 2050 at the latest, all new tires from Continental are to be made entirely from sustainable materials. The Continental tire plant in Korbach, Germany In addition to car tires, including high-performance (UUHP) tires for technologically advanced vehicles, the Continental tire plant in Korbach also produces bicycle tires. These are specifically designed for professionals such as riders taking part in the Tour de France. Other highlights from Korbach, Germany, include the High Performance Technology Center (HPTC) and the "Urban Taraxagum" bicycle tire, which is the only production tire containing natural rubber from dandelions. Motorcycle tires like the "ContiRoadAttack 4" and industrial tires for forklift trucks round out the product portfolio. Furthermore, the plant produces hoses for the ContiTech group sector. The Korbach site has more than 3,600 employees.
