Continental, the technology company, celebrated the symbolic groundbreaking ceremony in Pune, India, showing the beginning of the construction work on a plant to manufacture premium surface materials for the automotive industry.
The plant will be built on an area of 12,000 square meters with an initial annual capacity of 5 million square meters on the four-hectare plot at an initial investment of about 22 million euros (18 billion rupees). The production is scheduled to start in 2020. Initially, the company plans to employ about 110 employees. The local Indian market will receive surface material from Continental from the new production facility at Pune.
Dr. Dirk Leiß, responsible for the business unit for surface materials at Continental, said, “India is now rated as the fifth-largest automotive market in the world with huge growth opportunities. And every vehicle needs interior materials for seats, door trims and instrument panels. This investment will enable us in the future to offer our Indian customers local solutions that are manufactured in the market for the market.”
The number of vehicles in India is expected to be more than double from the current 4.8 million to around ten million by 2025. Continental will start manufacturing premium surface materials from 2020 for the Indian automotive industry in the Indian city of Pune.
As a replacement for real leather, the Akela Eco artificial leather is already gaining popularity in India. This product will be produced in Pune from 2020. The solvent-free and thus low-odor decorative material is hard-wearing and is available in a two-color design.
Five largest vehicle manufacturers of India and one of the largest motorcycle manufacturers from other plants buy material from Continental. Currently, Continental has eight plants in India.