New Delhi: According to the technique of ‘within the Market, for the Market’, know-how firm Continental has Friday inaugurated a brand new plant in Gurugram, along with its three way partnership companion Nisshinbo Holdings.
The Joint Enterprise (JV) was introduced early final yr, with Continental holding 40% share and Nisshinbo 60%. The brand new JV plant will produce valve blocks for Continental’s Digital Brake Programs (EBS) in India.
Nisshinbo will present machining for producing the valve blocks, which get manufactured within the new JV plant, and later get assembled into a whole unit at Continental’s plant in Gurugram. With the growing content material of protected applied sciences in automobiles, the demand for EBS is big and persevering with to develop, ultimately benefiting the business and finish shoppers.
So far, Continental has produced 7.3 million EBS models in India, together with Digital Stability Management (ESC) for passenger automobiles and Anti-lock Brake Programs (ABS) for passenger automobiles and 2-Wheelers. That is according to Continental’s dedication to the Indian market, pushed by proactive security laws.
Dennis Fritsch, Continental’s Head of Lively Security and Controls (Enterprise Space Security & Movement), stated, “Imaginative and prescient Zero, a imaginative and prescient of a world with out visitors accidents, is our purpose. As a market chief in security applied sciences, we’re dedicated to the Indian market. We now have a robust partnership with Nisshinbo Holdings globally, and this milestone in the present day is one other constructive step in direction of shaping protected mobility for the long run.”
Prashanth Doreswamy, President and CEO, Continental India, stated, “Security is non-negotiable, and the previous couple of years noticed laws that prioritizes security on the highway in India and an equal dedication from car producers. Continental has been constantly investing within the Indian market and this JV partnership is a becoming instance. We’ll proceed to develop and put money into India.”
A Partnership Based mostly on Belief
Continental and Nisshinbo’s relationship dates again about 40 years via varied enterprise collaborations. The primary affiliation was fashioned in 1982 via a technical license settlement between Alfred Teves (now a part of Continental AG) and Nisshinbo. In 2000, one other notable three way partnership was established between Continental and Nisshinbo in Japan, which noticed its profitable Twentieth-anniversary completion in 2020.
Continental has been a market chief in security applied sciences, with an extended custom and in depth experience within the areas of mechanical methods, electronics {hardware}, software program, and car and system structure and integration.
