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Market developments will continue to be characterized by high volatility in the coming months, said the company. After a production output of 77.1 million passenger cars and light commercial vehicles last year, Continental expects an increase of between 4% and 6% for the year as a whole (previously: 6% to 9%).

The company’s full-year guidance for 2022 is expected to have net sales in the range of USD 15.5 billion to USD 16.0 billion, compared with 2021 sales of USD 14.8 billion. It has also won several high-value business contracts from e-vehicle OEMs, the company has reported.

As a result, the company will need to pass on price increases to its customers, citing already-high energy and raw materials costs that have only been exacerbated by the effects of the war in Ukraine.

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British bus maker Optare will deliver its final batches of diesel buses over the next 6-8 weeks, bringing down curtains on a 115-year journey in different forms. This development can be seen as a significant example of the transition of the automotive industry towards electrification.

Apart from Guleria, Pradeep Pandey senior vice-president (customer service), HMSI has put in his papers. In February this year Shekhar MC, formerly general manager (finished vehicles logistics), too exited the company and joined Ola Electric Mobility.

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