Continental AG has planned to invest a huge amount within next two years in India. It is also set to increase the number of employees in the country to 10,000 over the same period.
As per the report by The Hindu, Frank Jourdon, member of the executive board of Continental and president of the chassis and safety division has informed that the German automotive components maker, Continental AG is planning to invest a “three-digit crore rupees” in the span of two years in India. It is also expected to ramp up the number of employees in the country to 10,000 over the same period.
Jourdon told The Hindu on Thursday that the company celebrates its 10th year producing systems and components for safe, clean and intelligent mobility locally in India. He also told that the company has been serving the Indian market for almost 50 years and this investment entails the extension of the capacity of all its divisions as well as greenfield investments, spanning across key automotive hubs. “The global automotive industry is at the cusp of transformation; the largest it may have seen in its 130-year history,” he added.
Jourdon also talked about how important India in terms of market and R&D hub for the company and it is in their strategy to bet big on this market.
At present, the company has around 8,000 employees across 15 locations, including eight plants that cater to the Indian market and a technical centre designed to support its global R&D activities.
Prashanth Doreswamy, head of Continental India, said that Continental India is upgrading to Industry 4.0 to ensure smarter, more efficient production processes and practices. Their Central Electronics Plant at Bangalore has just deployed the first Collaborative Robot (COBOT), to work in a human-machine team environment.
“As electronic content in vehicles increases, a number of new and advanced features and technologies may be introduced by the help of Continental, which could be a game changer for the Indian auto sector,” he informed The Hindu.