- R&D facility for safety business to aid Continental’s long-term strategy globally towards “Vision Zero”
- Recently announced high three-digit crore rupees level investments in India within the next two years
- Close to INR 2100 Crore investments made for its various businesses in India so far, since 2008
Gurgaon, August 22, 2018. The technology company Continental, which celebrates ten years of local production in India, has announced the inauguration of 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.
According to Krishan Kohli, head of Vehicle Dynamics business in India, “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% subsidiary of Continental in 2012.