Continental to Announce the Launch of Truck Bus Radial Tyres in Indian Market
Online, March 24, 2014 (Newswire.com) - Continental India Limited is taking the next step in expanding its reach in India after acquiring Indian tyre manufacturer, Modi Tyres in 2011. The international tyre manufacturer and automotive supplier Continental has started production and distribution of Truck Bus Radial tyres in the Indian market. The official launch event for this will be held on April 1, 2014, in the National Capital Region.
The Indian truck tyre replacement market has a volume of approximately 14 million units per year, out of which almost 4 million units are radial tyres, whereas the other 10 million are bias tyres. Over the last five years, the market has not only grown by approximately 24%, but has also seen a strong shift towards radial tyres. Continental is also an expert partner in networked automobile communication. Continental currently has more than 178,000 employees in 49 countries.
As one of the world's leading tyre manufacturers, with more than 42,000 employees, the Tyre division achieved sales of Ђ9.7 billion in 2012. Today, the division has 22 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility. The Commercial Vehicle Tire business is one of the largest manufacturers of truck, bus and commercial specialty tires worldwide. Continental's Tyre Division is an Official Sponsor of the German DFB Cup, 2014 FIFA World CupTM in Brazil and the UEFA EURO 2016TM in France.
As one of the world's leading tyre manufacturers, with more than 42,000 employees, the Tyre division achieved sales of Ђ9.7 billion in 2012. Today, the division has 22 production and development locations worldwide. The broad product range and continuous investments in R&D make a major contribution to cost-effective and ecologically efficient mobility. The Commercial Vehicle Tire business is one of the largest manufacturers of truck, bus and commercial specialty tires worldwide. Continental's Tyre Division is an Official Sponsor of the German DFB Cup, 2014 FIFA World CupTM in Brazil and the UEFA EURO 2016TM in France.