From AFX News Limited
HANNOVER, Germany — Continental AG said it is investing $26 million to build an automotive electronics plant in Bangalore, India.
"In the next decade one of the main focuses of the automotive industry will be the so-called affordable cars, especially in the growth markets like India and China," said management board member Karl-Thomas Neumann.
"To cope with this demand, we have to focus on solutions for the Indian market; people want safe, yet affordable cars," he added.
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