Economic Times: March, 2016
New Delhi: Diesel engine maker Cummins Inc plans to invest Rs 1,000 crore in the expansion of its research and development centre in India, touted as the company's biggest outside of the US. Indiana-based company has 1,500 engineers at its technical centre in Pune, to which it aims to add 500 more over the next year.
"Investment in the R&D centre will be completed by the end of 2016," said Anant Talaulicar, chairman at Cummins Group India. "India is among our top five markets and tech capabilities available here will grow significantly once the investment is completed."
The technical centre is part of Cummins Technologies India Pvt Ltd, a wholly-owned subsidiary. Talaulicar said Cummins has technology for Euro Stage VI diesel and natural gas commercial vehicles and once the Indian government notifies the norms for Bharat Stage VI, the company will step up research and development for localising the solutions for the Indian market. "The challenge is to arrest the price increase on account of upgrading to BS VI emission norms," he said.