Continental, an automotive parts manufacturing company, plans to raise truck tyre production capacity at the Modipuram plant in Uttar Pradesh over the next 18 months.
The expansion will enable increased export volumes to the Asia Pacific (APAC) region, favourably impacting the company's production cost and profitability.
The company has grown substantially after acquisition of Modi Rubber, introducing a variety of products for passenger cars and commercial vehicles.
The latest capacity expansion for truck tyres will be the fourth expansion at the facility in the last six years.
The company has scaled up its production capabilities to serve domestic and export demand, coming from ASEAN, APAC and select regions in South America.