Cummins Inc. is looking at sourcing $US150 million worth of components and engines from its Indian operations this year. Auto components are likely to account for about $80 million while the rest will be made up of diesel engine exports.
Go deeper with GlobalData
The company expects Indian auto components sourcing to rise to about $120-130 million within the next 2-3 years.
Cummins India is already the sole supplier of the 28-litre, 38-litre and 50-litre diesel engines for power generation applications for its global network. The company may add more products to the list, particularly those that require a higher level of engineering skill.
Cummins has 11 subsidiaries in India making diesel engines, turbochargers and operating after sale and software consulting services. The company’s Indian turnover was $600 million last year.
Cummins expects to increase revenues of its Indian operations to $1 billion by 2007 with strong growth expected in both domestic and export markets. Exports are expected to account for a substantial proportion of the growth.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataOver the next 3-5 years, Cummins India expects its domestic business to expand by 12-15% a year and exports to jump 20% annually.
Deepesh Rathore / Tilak Swarup
