Home » India » Continental to invest 30 million euros on new plant in Pune

Continental to invest 30 million euros on new plant in Pune

Jan 18, 2019 | Emerging Trends, India

The facility, which will be utilised for the company's powertrain business, is scheduled to begin production by early 2020.

Technology firm Continental on Thursday 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.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.


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.

Article Source : moneycontrol

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

INVESTORS WARNING!

For a company that mainly offers investments into real estate and that has only yesterday launched a new product: ETA Rental Guarantee; and with thousands of properties in Pattaya, this might sound a bit suicidal as the current Occupancy rate is Pattaya has dropped...

THE WORST IS YET TO COME…

If you are one of the thousands of property owners that have been patiently or possibly more realistically, frustratingly, trying to find a buyer willing to pay anywhere near the amount you originally paid for your property then you are not going to like what’s coming...

Bullish James Murdoch sets up first Mumbai office

James Murdoch , younger son of media mogul Rupert Murdoch , has set up the first office outside the US for his new investment firm, Lupa Systems, in Mumbai. It will be led by his former associate Nitin Kukreja, who said, “James has always been bullish on India. It’s a...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.

RECENT NEWS

Share This

Share this post with your friends!