Continental Automotive, which provides applied sciences and companies for linked and autonomous mobility and automotive safety to unique gear producers throughout the globe together with in India, on Tuesday stated it could get its new identify and brand identity on April 23, following its spin-off from Continental AG of Germany.
The firm stated, following the spin-off of the automotive enterprise from Continental, the identify of the long run impartial automotive firm can be introduced on April 23 at Auto Shanghai 2025, the place it could additionally showcase its newest applied sciences that assist autonomous driving and lightweight projection and safety options.
Continental Automotive, Chief Technology Officer, Nino Romano informed The Hindu that, “Continental is spinning off its automotive business into a separate independently listed entity. An official announcement will come after the shareholder meeting on April 23 in Shanghai. By mid of this year, we will start functioning as an independent company and by end of this year we will also have an independent listing.”
On the rationale of the spin off, he stated, it was actually about adapting to a altering market. The automotive and tyre companies have been very totally different and it was essential to give freedom to every division to reply shortly to market wants. “We’re simply creating clearer constructions. We’re not giving up on any capabilities or technique.’‘
In 2023, Continental, that comprised three business, Continental Tires, ContiTech and Continental Automotive, reported sales of €41.4 billion and employed about 2,00,000 people across 56 countries with India having over 10,000 people across 12 locations including six plants and a tech centre in Bengaluru that supports Continental’s world R&D actions.
“With the spin-off of Continental Automotive, the group shall be minimize within the center with half of gross sales and half of individuals coming to the new entity,’‘ Mr. Romano added.
According to him, once the spin off is completed, the automotive business won’t be a part of Continental whereas Schaeffler Group, which at the moment holds 49% in Continental will proceed to have a robust investor presence within the new firm as effectively.
Elaborating additional, Mr. Romano stated, Continental, over time, created three robust, impartial sectors: Continental Tyres, ContiTech, Continental Automotive. ‘‘The spin-off is more of a structural change. Each division will now manage its own functions like treasury, compliance, and tax. We’re not sharing vegetation or engineering hubs—just like the one in Bengaluru—with different divisions. So this spin-off is comparatively straightforward. The automotive division is already fairly self-sufficient,’‘ he added.
Published – April 15, 2025 09:03 pm IST
