Well most Modelica tools generate C code. I think all of them also generate FMUs (lookup Functional Mockup Interface, if you don't know what an FMU is). Some FMUs are source code FMUs (suitable for running on HiL hardware, for example).

But it sounds like you might be talking about autocoding of an embedded controller. In that case, I'm not aware of any tools with that target. Part of this is because Modelica can be used to model the controls, the plant or both. But for autocoding you'd need a clear partitioning and some way of connecting the controls to a scheduler. But I don't know of a Modelica tool that supports this. My hope is that the next generation of tools will address this (that's part of my day job ;-)).