Technology company Continental today announced the inauguration of a new plant in Gurugram, together with its joint venture partner Nisshinbo Holdings.
The JV was announced early last year – with Continental holding a minority 40% share, and Nisshinbo holding 60% stake – to produce valve blocks for Continental’s Electronic Brake Systems (EBS) in India.
A pioneer of sorts in safety technologies, the German major has till date produced 7.3 million EBS units in India, including Electronic Stability Control (ESC) for passenger cars and Anti-lock Brake Systems (ABS) for passenger cars and two-wheelers.
The Indian entity of Continental has been a leader in EBS technology, manufacturing a range of ABS and ESC products, including MK120 ESC for the passenger car market, the one-channel MK100 MAB and MiniMAB, and three-channel MK 3-2 MAB for the two-wheeler market.
Nisshinbo will provide machining for producing the valve blocks, which get manufactured in the new JV plant, and later get assembled into a complete unit at Continental’s plant in Gurugram.
Dennis Fritsch, Head, Active Safety and Controls segment within Business Area Safety & Motion, Continental, said, “We have a strong partnership with Nisshinbo Holdings globally, and this milestone today is another positive step towards shaping safe mobility for the future.”
Prashanth Doreswamy, President and CEO, Continental India, said, “Safety is non-negotiable, and the last few years saw legislation that prioritises safety on the road in India and an equal commitment from vehicle manufacturers. Continental has been consistently investing in the Indian market and this JV partnership is a fitting example. We will continue to grow and invest in India.”