PUNE (CHENNAI): Technology company Continental celebrated the groundbreaking of its greenfield plant in Talegaon, Pune, dedicated to its powertrain business.
Around Rs 240 crore is planned to be invested in infrastructure and buildings. The construction phase has already been initiated. Production
start is scheduled for early 2020 for various drivetrain products, including
engine management systems, sensors and actuators as well as fuel and exhaust
management components for passenger cars, two-wheelers and commercial vehicles.
During the ceremony, Klaus Hau, executive vice-president,
Powertrain Components Business Unit, Powertrain, said, “India plays a central
role in our global growth strategy. Due to the increasing stringent emission
legislation in the automotive market, including two-wheeler market, we are
expecting a growing demand of low-emission technologies. Through this
investment, we are expanding our involvement in this important market, thereby
ensuring that we will better satisfy the customers’ growing demand”.
The Powertrain group of Continental offers efficiency
solutions for the conventional combustion engine, the exhaust after treatment
as well as for the broad field of vehicle electrification.
Prashanth Doreswamy, market head, Continental India, and
managing director, Continental Automotive India, said: “This investment
reinforces our commitment to the Indian market. Continental has been growing
ahead of the market in India. To continue doing so, we need to invest both in
technologies of tomorrow, and expand our reach in the market. With this
investment in our Powertrain business, Continental will better support India’s drive
for cleaner air.”
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