The company announced the commencement of production at its new manufacturing plant and R&D centre here. The new plant, set up at an investment of Rs 220 crore, will develop and produce electronic components such as instrument clusters for passenger cars, commercial vehicles and two-wheelers in the country.
At a press conference, Jay Kunkel, President Continental Asia and member of the automotive management board of Continental, said investment at the Bangalore plant will be further increased by another 15 million euros in the next two years.
The company, which holds about five per cent share in the auto electronic components market in India, aims to increase it to 13 per cent by 2010.
The Bangalore plant will manufacture immobilisers, engine management systems for diesel and gasoline engines, electronic control units for power-assisted steering and body control units.
Continental's clients in India include major original equipment manufacturers (OEMs) such as Tata Motors, M&M, Ashok Leyland, BEML, Hyundai, General Motors, Ford, Skoda, Volvo, Eicher, Hero Honda and TVS Motors.
"In the next decade, the automotive industry will mainly focus on
