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Continental has announced a strategic realignment of its product portfolio in India. The company will fully focus on the profitable growth of its Passenger Car and Light Truck (PLT) tyre business in the future.
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350Z
- As part of this strategic transition, the company will discontinue its Truck and Bus Radial (TBR) tyre business. This includes its dedicated TBR manufacturing line at its Modipuram tyre plant in Meerut, Uttar Pradesh.
- The decision follows a comprehensive business review aimed at safeguarding and strengthening the company’s competitiveness in the Asia-Pacific region
- Amidst intense competition and high price sensitivity in the TBR segment, sustaining long-term value from Continental’s premium offerings has been a significant challenge.
- Hence, Continental’s Truck and Bus Radial tyre business manufacturing operations in India will be discontinued as of June 2025.
- Continental will provide assistance and support to its employees, such as career counselling, exploring potential employment opportunities as well as a voluntary retirement and separation scheme.
Drive Safe,
350Z