Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar
Did you know?
What made us buy IEX@193, Tata Power@56, Titan@330, Divis@629, Persistent@700.

Cummins India to launch new plant for exports

01 Sep 2010

Auto-component major Cummins India will begin construction shortly on a new plant for export in markets like UK, Europe and USA. Cummins India had announced in June this year that it will invest $300 million to set up four facilities, including an engine manufacturing unit, in India over the next five years at Phaltan in Maharashtra. Accordingly the company’s four plants are underway out of which three will be operational by last quarter of this year and one will start operations by the first quarter of 2011. 

On this manufacturing site, one facility will be an engine manufacturing unit for Tata-Cummins (a joint venture partner) for Tata Motors as well as for Cummins' customers, while another one will be for high horse power engines built by Cummins. The third facility will take care of engines and components also built by the company and the last one will be a parts distribution centre involved in getting and assembling components for supply to facilities at Phaltan and the market at large.  The company will spend close to Rs 700 to 1000 crore this year on some of these projects.

Related Cummins India Ltd. Links:

Cummins India Share Price

874.65 0.00 (0.00%) Nov 29, 18:01
1 Year Price Chart
Company Name CMP
Cummins India 874.65
Greaves Cotton 137.50
Swaraj Engines 1640.15
View more..
Sensex vs Cummins India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323