Continental set to roll out more tyres from India

Following its recent acquisition of Modi Tyres Company Ltd (MTCL), Continental has announced aggressive expansion plans for its operations in India. The new resultant entity of the acquisition, Continental India Ltd, will ramp up its operations to cater for both the replacement and OEM markets.

MTCL’s legacy for the new Continental India include a bias truck and bus tyres (TBX) plant in Modipuram and a tube plant in Partapur. For this year alone, the Modipuram plant will ramp up operations to produce half a million TBX tyres, and eventually grow to 1 million units in 2013. A further investment of €50 million will be pumped in to the plant same plant for production of radial tyres by 2013.

To fuel that expansion, Continental India will also be looking to expand its workforce from 1,600 employees at present to somewhere between 2,200 and 2,400 over the next few years. Plans are also afoot for new dealerships to be added to a network that currently consists of 110 regional distribution centres and 1,400 dealers nationwide.

KON