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The Times of India (TOI)
August 11, 2017 Friday
INDIA BUSINESS
213 words
Cummins to invest Rs 1,500 crore in Pune tech centre
Nandini Sen Gupta

Engine and component major Cummins is investing around Rs 1,000-1,500 crore in setting up a technology centre in Pune, besides investing on BS6 range of products, as India's commercial vehicle industry has just moved to BS4 and will migrate to BS6 by 2020."We're setting up one of our biggest technology centres in Pune with 2,500 engineers and it should be ready by this year-end. We have invested around Rs 1,000 crore and in the next 2-3 years we will continue to invest and end up with total spend of around Rs 1,500 crore," said Sandeep Sinha, COO, Cummins India.

The company is also investing in developing fit-to-market components and testing infrastructure for BS6 products. That includes putting up 5 emission testing centres and 5 endurance testing centres with the emission centres costing between Rs 35-45 crore each.The tech investment is part of the company's strategic plans for India which also included major spend on capacity expansion. Over the last few years we've taken up strategic plans to invest a $1 billion in 9 plants (engine, genset, components etc) in Cummins Megasite in Phalton, Maharashtra. "This is to cater to significant demand both in the domestic market as well to use India as an export base," said Sinha

For Reprint Rights: timescontent.com
August 10, 2017
      
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