Continental Completes 10 Years in India

 Continental Completes 10 Years in India
Continental Completes 10 Years in India

Continental has completed a decade in India as a legal entity. Although the Hanover headquartered company has been in India for around 50 years, it started operating as an independent legal entity in 2008, following the acquisition of Siemens VDO in 2007. Subsequently, Continental has made investments in the range of Rs 2,100 crore and is now lining up further investments “worth a high three-digit crore sum” over the next two years.

The company did not divulge the exact details of the planned investments, but said this would entail capacity extension of all its divisions as well as greenfield investments, spanning across key automotive hubs. Continental currently has eight plants and 8,000 employees spread across 15 locations, and plans to ramp up its headcount in the country to 10,000 employees in another two years. In fact, the Continental Technical Centre India (TCI) is one of Continental’s three systems and technology hubs worldwide, with over 3,000 engineers currently.

Frank Jourdan, Member of the Executive Board, Continental AG & President of the Chassis & Safety Division said that the company’s growth in India would be largely driven by the growing vehicle market in the country. Harping on the engineering and R&D capability of the Indian unit, Jourdan stated that the TCI supports all automotive divisions of Continental globally, and is on course to emerge as a centre of competence for different technologies, including artificial intelligence and advanced driver assistance systems (ADAS) technologies.

Throwing light about the company engaging actively with the ecosystem, he stated that the TCI recently inked a memorandum of understanding (MoU) with the Indian Institute of Technology (IIT) Madras for advanced research in machine learning, for Continental’s ADAS business. The joint research is for the application of bio-inspired neural networks to expand the scope of what assisted driving functions can accomplish, he added.

Prashanth Doreswamy, Head, Continental India said that as electronic content in vehicles increases, a number of new and advanced features and technologies may be introduced by Continental, which could be a game-changer for the Indian auto sector.