Continental Inaugurates INR 200 Crore Plant in Pune
- By MT Bureau
- April 07, 2022
Technology company Continental today inaugurated its greenfield plant in Pune, India. The company said in a statement that the plant is for manufacturing surface solutions materials for the Indian automotive and two-wheeler market.
With investments totalling about INR 2 billion covering facilities and machinery, Continental will produce premium surface materials for car interiors, including electric vehicles, as well as two-wheeler seats, catering primarily to the domestic market and exports, the release said.
“Growing our business in the Asia-Pacific region is one of our main strategic pillars. Amongst others, India will play a major role to strive for our goal. That’s why we continue to invest into our Indian locations. Thus, we will remain close to our customers maximising value creation,” said Philip Nelles, Member of the Continental Executive Board and Head of Group Sector ContiTech, at the inauguration ceremony in Pune.
Dr. Dirk Leiss, heading the business area Surface Solutions, said: “Premium vehicle interiors are increasingly becoming important for car users. Our surface material provides both, luxury and comfort, improving the overall driving experience.”
The new location is Continental’s sixteenth surface solutions plant globally, producing surface materials like Acella Eco used by worldwide top car manufacturers and automotive brands.
Dr. Leiss added: “Our surface solutions come with the guarantee of state-of-the-art quality and heritage of more than 300 years in the industry.”
Prashanth Doreswamy, President and CEO, Continental India, said, “Continental has been growing steadily in the Indian market. We have now invested in Pune, a significant and long-established hub for the automotive industry, and we aim to be our customers’ first partner of choice for surface solutions. With this, we reaffirm our commitment to the local market, aligned to our ‘in the market, for the market’ philosophy.”
The 149,000 square feet manufacturing facility, with an initial annual capacity of five million square meters of surface material can be scaled up to 10 million square meters.
Landry Tchapda, head of the surface solutions plant management, said, “We are committed to our environment and are doing a lot to ensure that we are constantly reducing our carbon footprint. The new plant features best-in-class energy efficiency standards, sustainable production processes, an ergonomic work environment, 100 percent sewage and wastewater treatment as well, exhaust air treatment of all processes, and use of energy from renewable source.”
Tchapda added, “With skilled workforce and cutting-edge technology at our disposal, our production is world-class, to cater to the requirements of our customers. In addition to production, storage, logistics, purchasing, and sales, we have also scheduled resources and capacities for laboratories, design and product development. India is a promising market to grow. So, we expand our operations at a rapid pace. Our innovative surface solutions are available for a variety of car interior and two-wheeler applications and we strive to be making us the market leader in near future.”
The plant will primarily manufacture Acella Eco and Acella Lux material, which add aesthetic value to vehicle interiors. Eco-friendly foam foil Yorn and Yorn Light will also be produced in the near future. (MT)
- Indigo Ventures
- Sarla Aviation
- Accel
- Nikhil Kamath
- air taxi
- Lilium
- Joby
- Volocopter
- eVTOL
- United Airlines
- Delta Air Lines
- Indigo
- Adrian Schmidt
IndiGo Ventures Invests INR 100 Million In Sarla Aviation For Air Taxi Development
- By MT Bureau
- April 17, 2026
IndiGo Ventures has completed a INR 100 million strategic equity investment in Sarla Aviation, marking a formal entry into the Indian electric vertical take-off and landing (eVTOL) sector.
The funding was part of a recent round led by Accel and Nikhil Kamath. The partnership is intended to establish an infrastructure for air taxi operations across India, specifically targeting transport corridors between zero and 300 kilometres.
Sarla Aviation is a startup focusing on the development of hybrid-electric aircraft platforms. The firm operates a private eVTOL demonstrator and employs an engineering team with previous experience at international firms including Lilium, Joby and Volocopter.
By utilising electric flight technology, the company aims to provide transport services for airport transfers, inter-city commutes and emergency medical runs at lower costs than traditional helicopter services.
The collaboration pairs Sarla's hardware development with the operational infrastructure of IndiGo, India's largest airline. At present, IndiGo operates over 2,000 daily flights across 85 airports and maintains a national network of maintenance, repair and overhaul (MRO) facilities. This investment aligns with global trends where major carriers, such as United Airlines and Delta Air Lines, have backed eVTOL manufacturers to secure future urban air mobility solutions.
Beyond passenger transport, the investment is expected to influence the domestic aerospace supply chain, including the production of composites, avionics and battery systems. Potential routes identified for future operations include Bengaluru Airport to Electronic City and Gurugram to Noida, which could see transit times reduced from over 90 minutes to approximately 15 minutes.
Adrian Schmidt, Co-Founder & CEO, Sarla Aviation, said, “IndiGo’s investment marks a turning point — not just for Sarla, but for the future of how India moves. For decades, Indians have accepted that distance means delay, that geography is a constraint you live with. We believe that era is ending. Having IndiGo — the airline that made flying accessible to hundreds of millions of Indians — stand behind this vision gives it a weight and credibility that we could not have built alone. India has always dreamed big. Now we have the partners to match the dream.”
Bosch Focuses On Innovation And Structural Reforms For 2026 Growth
- By MT Bureau
- April 17, 2026
German technology company Robert Bosch has announced its 2030 strategy, prioritising technological leadership in automation, electrification and artificial intelligence (AI) to navigate a challenging global economic environment.
Despite geopolitical tensions, the group reported 2025 sales revenue of EUR 91 billion, a slight increase from the previous year. For 2026, the company expects sales growth of 2–5 percent and an improved EBIT margin from operations between 4–6 percent.
The 2025 financial results were impacted by structural and personnel adjustments, resulting in provisions of EUR 2.7 billion. These measures reduced the EBIT margin from operations to 2 percent, down from 3.5 percent in 2024. However, the group maintained a high level of investment, dedicating EUR 12 billion to research, development and capital expenditure. Bosch remains a prolific patent applicant, registering approximately 6,300 patents in 2025.
A primary focus for the company is the advancement of sensor technology and automotive software. The global market for sensors is projected to exceed USD 440 billion by 2031, and Bosch is positioning its BMI5 sensor platform for applications in robotics and automated driving.
In the mobility sector, the firm secured orders worth EUR 10 billion in 2025 for driver assistance solutions and central vehicle computers. The group also expects to deliver more than 7 million components for electric vehicles this year.
The company is diversifying its reach through regional partnerships, including a joint venture with Tata AutoComp Systems in India to manufacture electric motors and axles. In the consumer goods sector, artificial intelligence is being integrated into products such as home appliances and professional power tools to drive sales.
To support future investments and improve capital market access, Bosch will begin publishing interim consolidated financial statements. The group's equity ratio remains high at 41.6 percent, with a positive free cash flow of EUR 300 million recorded in 2025. Total headcount saw a slight reduction of 1 percent during the year, ending with 412,774 associates worldwide.
Stefan Hartung, Chairman of the Board of Management of Robert Bosch, said, “Bosch can deliver the future – even under unfavourable conditions. 2026 will be a year of progress. As a global technology leader, we are committed to shaping the trends of automation, digitalization, electrification, and artificial intelligence, as this also paves the way for profitable growth in our business. An important prerequisite for this are the cost-cutting effects of the structural measures we have already initiated and innovations in all business areas.”
Markus Forschner, Member of the Board of Management and Chief Financial Officer, Robert Bosch, said, “Competitiveness is the foundation for profitable growth – it secures our investments for the future. This strengthens our resilience in the face of upcoming challenges and at the same time boosts our investment capacity for the future.”
Toyoda Gosei Achieves Automotive SPICE Level 2 For Software Development Quality
- By MT Bureau
- April 17, 2026
Toyoda Gosei Co., Ltd. recently received independent verification from third-party certification body SGS Japan Inc. confirming that it has reached capability Level 2 under the Automotive SPICE international standards, which evaluate the quality of automotive software development. This achievement reflects a major step forward in the company’s software engineering practices.
As next-generation software-defined vehicles become more common, where performance increasingly depends on digital systems, developing software that enhances product value has grown essential. Toyoda Gosei has responded by integrating electronic components with its traditional rubber and plastic products. The company has therefore established structured processes and strengthened its software development systems, which serve as the foundation for creating advanced products.
Specifically, within an interior lighting project, the company has achieved capability Level 2 in Automotive SPICE international assessment standards, confirmed by a third-party organisation that the company’s software development processes demonstrate systematic execution and proper management, achieving a uniform level of maturity. Moving forward, Toyoda Gosei aims to continue producing higher value products that contribute to more comfortable mobility spaces.
Geely Auto Launches i-HEV Intelligent Hybrid Technology
- By MT Bureau
- April 15, 2026
Chinese automotive major Geely Auto has officially launched its i-HEV Intelligent Hybrid technology, which enters mass production immediately with the system slated for deployment across several models this year, including the Preface, Monjaro, Starray, and the fifth-generation Emgrand.
The technology utilises an artificial intelligence system and a dedicated hybrid powertrain to address historical gaps in fuel efficiency and smart feature integration.
The i-HEV system is built upon the i-CMA architecture, a hybrid-optimised version of the CMA platform that centralises the control of driving, cockpit and chassis functions.
A primary feature is the AI Cloud Power management system, which monitors exterior data such as temperature, humidity and altitude to optimise petrol-electric energy distribution. The company reports that this self-optimising strategy improves energy efficiency by more than 10 percent, while the engine achieves a thermal efficiency of 48.41 percent.
By decoupling the internal combustion engine (ICE) from the electric motor, the i-HEV adopts a motor-led layout designed to provide an electric-drive experience without external charging. The electric motor delivers up to 230kW, allowing the vehicle to operate on electricity for approximately 80 percent of the time. Performance data indicates a claimed zero to 30 kmph acceleration time of 1.84 seconds and a top speed of 66 kmph in electric mode.
The i-CMA architecture incorporates physical separation between oil and electric systems to enhance safety. Battery protection is managed through the Geely Battery Safety System, which includes a liquid-cooled battery with an IP68 resistance rating. The system is capable of real-time prediction for over 50 fault types.
Jerry Gan, CEO, Geely Auto Group, said, “Energy diversification is a strategic foresight for Geely Auto. A company’s true strategic focus is ensuring every path leads to the future, which tests the technological depth and powerful energy resilience of our entire system. The new i-HEV perfectly embodies this resilience, serving as a powerful testament to how artificial intelligence can elevate hybrid efficiency and performance to new industry standards.”

Comments (0)
ADD COMMENT