Latest news with #ContinentalTiresIndia
Time of India
14 hours 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.
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Business Standard
14 hours ago
- Automotive
- Business Standard
Continental to infuse Rs 100 cr in India to boost passenger vehicle biz
Hanover-based tyre manufacturer Continental has announced plans to invest approximately Rs 100 crore in India to enhance production capacity and broaden its product portfolio for passenger vehicles and light trucks. According to a company statement, the investment will support the development of tyres tailored specifically to Indian driving conditions, with a strong emphasis on performance and quality standards. '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, Continental Tires India. Manufacturing upgrades and product expansion The company anticipates growing demand for larger-inch and ultra high performance tyres across SUVs, 4x4s, and similar vehicle categories. In line with this, Continental also plans to introduce the CrossContact AT2 all-terrain tyre in India later this year. Currently, Continental manufactures passenger and light truck tyres at its Modipuram facility in Meerut, Uttar Pradesh. Strategic shift to premium PLT segment Earlier this month, Continental announced a strategic shift in its product focus in India. The company will now concentrate exclusively on the Passenger Car and Light Truck tyre (PLT) segment for future growth. As part of this transition, Continental will exit the Truck and Bus Radial tyre (TBR) segment. This includes ceasing operations of the dedicated TBR production line at the Modipuram facility. 'The realignment is aimed at ensuring the long-term viability of Continental Tires' operations in India. 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,' the company said in an earlier statement.
