German tyre maker Continental today re-entered Indian four-wheeler tyre market with launching products for passenger cars and utility vehicles.
The company is also in talks with Tata Motors and Mahindra & Mahindra to be their original equipment supplier.
"The launch is a part of our overall growth strategy and commitment to the Asia Pacific region. With the growth in auto industry here, we believe that we should actively take part in India. We plan to develop a significant market share in India," Continental Aktiengesellschaft Executive Vice President (Replacement Asia) Andreas Esser told reporters here.
The company today launched tyres for passenger car and utility vehicle (UV) in the country for after-market, which would be imported from its 22 manufacturing facilities across the world, he added.
When asked if the company planned to set up manufacturing facilities in the country, Esser said: "Currently, we will be importing tyres only as sales are very low. Once it attains a good volume, then we may think of locally producing our tyres."
He, however, declined to commnet on the company's investment in India.
On its possible association with Indian OEMs, Esser said: "We are in discussion with Tata Motors and Mahindra & Mahindra for their domestic as well as export vehicles."
