Cummins plans to invest $1 billion in India

14 Jun 2023 , 10:57 AM

The Cummins Group plans to invest in Indian operations about $1 billion. The group said that it plans to hire nearly 4,000 people over the next 10 years as it prepares for the transition from the traditional fossil fuel engines to those powered by hydrogen and other green energy choices.

Ashwath Ram, Managing Director of Cummins Group, India, announced that they plan to make a significant investment of one billion dollars in India over the last 15 years. He further stated their intention to invest a similar amount in the coming decade to facilitate the transition from existing technologies to new ones.

Cummins conducts the majority of its automotive business in India through Tata Cummins, with some investment also made through subsidiary companies. Cummins has entered into a definitive agreement with Tata Motors in April 2023 for manufacturing a range of low-to-zero-emissions technology products in India over the next few years.

The two companies have altogether established a new company called TCPL Green Energy Solutions (GES), which will begin operations in fiscal year 25.

Meanwhile, Cummins India (CIL) plans to double its investment in the coming years to Rs 350 crore to Rs 400 crore per year as it collaborates with various automakers to transition to green mobility.

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