Modi Tyre Revives Technical JV With Continental
News published by various Indian media outlets indicates that joint venture activities between Continental Tyres and India’s Modi Tyre Company are again underway. The two companies have previously worked together, however this relationship ground to a halt with the closure of Modi’s Modinagar, Northern India plant in 2001, following labour unrest and litigations. Seven years on, Modi Tyre is said to have invested around Rs 3 billion (£39.6 million) to resume production at the site.