Global auto component major Cummins will invest USD 300 million to set up four facilities, including an engine manufacturing unit, in India over the next five years. The company has acquired 300 acres of land at Phaltan in Maharashtra to set up the units.
The company will set up an engine manufacturing facility with its joint venture partner Tata. It will start with an initial capacity of 60,000 units by the end of this financial year. Besides this engine facility, the company will set up a rebuild centre for generators, re-conditioning facility and a parts distribution unit within the complex. crackcrack