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Cummins to put Rs 1,000 crore in India research & development unit expansion

NEW DELHI: Diesel engine maker Cummins plans to invest Rs 1,000 crore in expanding its R&D center in India, which is said to be the company’s largest R&D center outside the US. The Pune technology center, headquartered in Indiana, has 1,500 plans to add another 500 engineers next year. Anant Talaulicar, Chairman, Cummins Group India “The investment in the R&D center will be completed by the end of 2016 investment. India is one of our top five markets and once the investment is completed, the technology here will grow significantly.” The technology center is part of Cummins Technologies India Private Limited, a wholly owned subsidiary of Cummins. Talaulicar Cummins said that Cummins has a leader 6 diesel and natural gas commercial vehicle technology suitable for Europe. Once the Indian government informs Phase the company will intensify its research and development to provide localized solutions for the Indian market. “The challenge is t...

Maruti spare parts biz in top gear, grows 19.3% in 2015-16

Chennai: Automobile market leader Maruti Suzuki is eyeing new products as its business has grown exponentially in the last five years. The company’s spare parts and accessories business has grown at a compound annual growth rate of 19.3% (CAGR) over the last five years growing at around 19% from 2015-2016. Now, Maruti is working on a comprehensive strategy to capitalize on the opportunity to launch its latest models, such as the accessories-focused Vitara Brezza, and grow in the premium trim segment. In fact, the spares and accessories business grew by 132% from Rs 24.03 crore in 2011-122 to Rs 55.719 crore in 2015-16 (see table). The three-pronged strategy includes expansion of Maruti Genuine Parts (MGP) retail outlets and MGP dealers, introduction of new accessories and parts, and educating customers on the use of genuine parts. The strategy also includes introduction of Regional Parts Distribution Centers (RPDCs) to reach out to customers, expansion of MGPP retail ou...

Suzuki Motor Corporation enters into JV with Toshiba and Denso for production of lithium ion battery packs in India

In a bid to enter India’s emerging electric vehicle market, Suzuki Motor Corp, the largest carmaker and owner of Maruti Suzuki, has hired Toshiba Corp and Denso Corp to manufacture automotive lithium-ion battery packs in India. The move could pave the way for the development of lithium-ion battery packs in India. Providing affordable power systems and drive electrification to the Indian compact car market, India is expected to grow to be the third largest automotive market by 2020 years to 2021. The joint venture is scheduled to be established in 2017 and will enter the initial production phase. The initial capital expenditure is 20 billion yen or Rs 11.84 billion. The capital of the joint venture is 2 billion yen and the investment plan is 50% Suzuki, 40% Toshiba and 10% Denso. In a statement, Japan’s Suzuki said that with India becoming increasingly concerned about the environment with the release of new CO2 emission standards, there is a need to introduce susta...

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Cummins to put Rs 1,000 crore in India research & development unit expansion

Maruti spare parts biz in top gear, grows 19.3% in 2015-16

Suzuki Motor Corporation enters into JV with Toshiba and Denso for production of lithium ion battery packs in India