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Continental plans major ramp-up [Oct 2011]

International automotive suppliers, Continental, announced its expansion plans for the Indian market. Following the recent acquisition of Modi Tyres, the new entity Continental India is ramping up its operations significantly in both replacement and OEM business in India. The company intends to increase the production of the Modipuram plant to over half a million bias truck and bus tires soon. There are plans for TBX production to grow continuously to more than one million units in 2013. In addition, Continental India announced further investments of more than 50 million Euros to start production of radial tires for passenger cars and commercial vehicles in the second half of 2013.

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