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|1st April 2014, 21:22||#1|
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Continental launches radial tyres for Trucks
International tyre major, Continental has commenced production and distribution of radial tyres for trucks in India.
Continental, which acquired Modi Tyres Company Pvt. Ltd. in 2011, has invested heavily in the construction of a new production building alongside machinery for making radial tyres. The company’s plant has an initial annual production capacity of 2.20,000 radial truck tyres It has a dealer network of more than 1,400 outlets and sales & service teams in more than 70 cities across India.
The company claims to have also brought experience staff from some of its other production sites to train local staff on the new machinery and production techniques. Additionally, more than 100 local employees were sent to the company’s manufacturing facilities in Germany, Romania, China and Malaysia for training in tyre production and technology.
India is the second largest market for truck tyres in the Asia-Pacific region. The company believes that its premium technology products, manufactured locally and distributed through its Indian marketing organization will make it a preferred partner in the tyre replacement original equipment business.
The Indian truck tyre replacement market has a volume of approximately 14 million units per year, out of which almost 4 million units are radial tyres, whereas the other 10 million are bias tyres. Over the last five years, the market has not only grown by approximately 24%, but has also seen a strong shift towards radial tyres. It is expected that radialization will gain further momentum in the next years.
Continental’s initial radial tyre portfolio for India will cover three segments – goods (HSR2 steer tyre & HDR2 drive tyre), people (dedicated coach tyre) and construction (HSX2 & HDR2).
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