Continental to invest €30mn in new Pune plant

Technology firm Continental said it is investing approximately €30 million (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.

Klaus Hau, Continental Executive Vice-President Powertrain Components Business Unit, said: “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.”

Through this investment, the company is expanding its involvement in the strategically important market.

Continental has invested around €260 million (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 (Rs 180 crore).

The company has also recently announced an additional R&D facility in its existing automotive plant at Gurugram.