Reuters, the German Continental AG said it will invest in its Indian subsidiary of EUR 50 million production of tires.
Continental is the world's fourth-largest tire maker, 2010 sales reached 2.6 billion euros (1 euro = 1.4401 U.S. dollars). Continental plans in the second half of 2013, production of radial tires for passenger cars and commercial vehicles.
Continental Tire Business Director NikolaiSetzer said that the Indian market as the world's second largest fast-growing market for high quality and safety of the tires in great demand, he believes the tire radial tire can enter the Indian market.
Mainland China in July this year to $ 30.11 million to buy the Indian Modi Rubber Company's tire business. Continental intends to increase its number of factory workers in India to expand the plant's output, trucks and buses in 2013 for the production of at least 1 million tires.
Reuters, the German Continental AG said it will invest in its Indian subsidiary of EUR 50 million production of tires.
Continental is the world's fourth-largest tire maker, 2010 sales reached 2.6 billion euros (1 euro = 1.4401 U.S. dollars). Continental plans in the second half of 2013, production of radial tires for passenger cars and commercial vehicles.
Continental Tire Business Director NikolaiSetzer said that the Indian market as the world's second largest fast-growing market for high quality and safety of the tires in great demand, he believes the tire radial tire can enter the Indian market.
Mainland China in July this year to $ 30.11 million to buy the Indian Modi Rubber Company's tire business. Continental intends to increase its number of factory workers in India to expand the plant's output, trucks and buses in 2013 for the production of at least 1 million tires.
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