Continental to Invest Rs 243 Crore on New Plant in Pune


Team Udayavani, Jan 21, 2019, 9:48 AM IST

Technology firm Continental said it is investing approximately 30 million euros (Rs 240 crore) to set up a new manufacturing plant at Talegaon in Pune. The facility, which will be utilised for the company’s powertrain business, is scheduled to begin production by early 2020. It will roll out products such as engine management systems, sensors and actuators as well as fuel and exhaust management components, for passenger cars, two-wheelers and commercial vehicles.

“Due to the increasing stringent emission legislation in the automotive market, including the two-wheeler market, we are expecting a growing demand of low-emission technologies,” said Continental Executive Vice-President Powertrain Components Business Unit Klaus Hau. Through this investment, the company is expanding its involvement in the strategic important market, he added.

Continental has invested around 260 million euros (Rs 2,100 crore) in India during the ten-year period from 2008 for its various businesses. It is supporting all key automotive companies in India to transition to BS VI emission standards.

In December 2018, Continental had also announced the start of work at another facility in Pune to manufacture premium surface materials for the automotive interior, with an investment of about 22 million euros (Rs 180 crore). The company has also recently announced an additional R&D facility in its existing automotive plant at Gurugram.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Court’s opinion v. legislative power: SC on CEC, election commissioners selection

Twist in naxalite surrender: Naxals to surrender in Bengaluru instead of Chikkamagaluru

Karkala: Woman duped of Rs 20 lakh by fraudsters posing as CBI officials

A group of Maoists to surrender, join mainstream, says Karnataka Home Minister

13 years on, court acquits three accused in murder case

Periya twin murder: Kerala HC suspends sentence of four convicts

BGT: SCG track deemed ‘satisfactory’, other pitches rated ‘very good’ by ICC

Related Articles More

Cybersecurity firm Rubrik announces new office in Bengaluru as part of expansion plans in India

MakeMyTrip introduces part payment option for international flight bookings

MRPL signs MoU with ISPRL for crude oil storage

Market benchmarks rebound after two-day decline as Reliance, ICICI Bank rally

Markets rebound in early trade after sharp decline in previous session

MUST WATCH

How Scammers Trick People Using Phonepe App

Create Your Own Fertilizer

Thieves caught on camera

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!


Latest Additions

Scandals, Deficits, Diplomatic Tensions: Challenges that Defined Trudeau’s Rule

Court’s opinion v. legislative power: SC on CEC, election commissioners selection

Downward revision of GDP growth estimates set gloomy backdrop to Union Budget: Congress

Don’t like words like legacy and milestone: Hrithik Roshan on 25 years in Bollywood

Twist in naxalite surrender: Naxals to surrender in Bengaluru instead of Chikkamagaluru

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.