Tyre maker Continental enters Indian market

Newswire

FRANKFURT, Oct 28 (Reuters) - German tyre and car parts maker Continental AG said on Monday it had signed a motorbike tyre production and marketing deal with an Indian company, making it the first foreign tyre maker active in India. In a bid to improve margins in its core tyre manufacturing business, Continental has increasingly shifted production to low wage countries by building its own factories and entering into joint ventures with local companies. Continental said its deal with ...

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