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Germany’s Continental opens R&D facility in Gurgaon
Industry News- Aug 23,18
This follows the company’s recent announcement, on the occasion of its tenth anniversary celebration, to invest in high Rs three-digit crore for expansion in India
Gurgaon, August 22, 2018.
The German technology company Continental, which celebrates ten years of local production in India, has inaugurated a new facility for its R&D center in Gurgaon. The new facility, located within its existing Gurgaon plant premises, will cater to global and regional R&D requirements for its brake systems businesses. Recently, on the occasion of its tenth anniversary celebration, Continental had announced that it will invest in a high three-digit crore Rupees level in India within the next two years and increase headcount to 10,000 in the same period. The company has already invested close to Rs 2,100 crore for its various businesses in India since 2008.
The new facility is aligned to the company’s strategy of increasing its R&D footprint in India. Currently, the capabilities of the R&D center at Gurgaon include design and testing for brake systems, and offshore engineering activities for the Continental’s Italy and Japan regions. The company also operates a full-fledged R&D center - Continental Technical Center India (TCI) - in Bangalore, catering to Continental’s entire automotive business, globally.
“As a technology company, it is Continental’s priority to invest in the technologies of tomorrow. India is an important R&D hub for Continental, and we plan to increase our R&D footprint in the country. With focused R&D, innovations and ongoing improvement of our components and systems, both at this new center dedicated to brake systems and at TCI, India’s contribution to Vision Zero – a future with zero accidents – will be significant,” said Prashanth Doreswamy, Head of Continental India and Managing Director, Continental Automotive India.
Thomas Laudes, Managing Director, Continental Automotive Brake Systems (India), who also heads the hydraulic brakes business in India, explained, “We are glad to make this investment to broaden the scope of R&D and further strengthen existing capabilities at this location. At Continental Gurgaon, we manufacture and assemble a series of products that enhance safety in vehicles at various levels. Now, with a full-fledged R&D center, we are enhancing the added value to the corporation by driving innovation.”
Krishan Kohli, Head of Vehicle Dynamics business in India, said, “With a range of safety technologies that address current legislative requirements and are future-oriented, Continental is in a position of strength in the market. This new R&D center houses the vehicle dynamics test labs and will augment our R&D and engineering presence in India. We are excited to be part of this growth.”
The 147 year old German conglomerate has been present in India for close to 50 years, through technology partnerships (Continental Tires since 1974) and joint ventures for its various businesses. Continental Automotive Brake Systems (India) was originally a joint venture of Continental with Rico, which started in 2007. The business became a 100 per cent subsidiary of Continental in 2012.
Today, the technology company operates across India – with over 8,000 employees across 15 locations, including eight plants that cater to the Indian market, and a Technical Center that supports global R&D.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2017, Continental generated sales of Euro 44 billion and currently employs more than 243,000 people in 60 countries.
Continental
Automotive
Auto component
R&D
Germany
brake systems
Prashanth Doreswamy
Thomas Laudes
Krishan Kohli
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