Cummins India Q4 FY24 PAT up 76% to INR 562 cr
Total Sales for the quarter at INR 2,269 crore were higher by 20% compared to the same quarter last year and lower by 9% compared to the previous quarter, the company said.
Total Sales for the quarter at INR 2,269 crore were higher by 20% compared to the same quarter last year and lower by 9% compared to the previous quarter, the company said.
Formerly part of Cummins, Atmus focuses on development of new filtration technologies largely for the commercial vehicle sector. It is in this context that the company’s new global capability centre in Pune will play a big role in the future.
The government’s Make in India campaign was just beginning to gather steam when demonetisation struck at the root of the manufacturing industry, comprising the micro, small and medium scale enterprises. A bulk of these units used cash for making payments. The sector is now hoping the Union budget will revive its fortunes.
The company informed in a statement, from a mere 7% female representation in 2005, today women constitute 30% of the total professional workforce at Cummins in India at all levels of the organisation.
In India, while ICRA expects penetration of diesel PV to stabilize at about 35% level over the medium term (from 40% plus level currently), the increasing usage of turbochargers in petrol engine will continue to support the Indian turbocharger industry.
As part of the association, Kohli will be the face of Valvoline engine oils and lubricants range.
"We have seen significant short covering in companies that have direct exposure to European markets, including the UK," said Panda, MD at Peerless Securities.
This move caused panic in the market and the stock crashed to Rs 746.8 from the previous day’s close of Rs 861, but later recovered to end at Rs 808, down 6.19%.
The decision was taken at the meeting of the Board of Directors, held on Wednesday. However, this decision is subject to the approval of the shareholders at the forthcoming Annual General Meeting.
Alarmed by rising pollution levels, the Supreme Court has banned sale of diesel vehicles above 2000 cc and diesel taxis from operating in Delhi, causing a huge furore.
Diesel engine maker Cummins Inc plans to invest Rs 1,000 crore in the expansion of its research and development centre in India.
In India the total spending in R&D is around 1%, Government's spending is 2 to 3 times more than that of Industry's
For the financial year 2014-15, Cummins India posted a net profit of Rs 786 crore, a 31 percent jump over FY13 net profit which stood at Rs 600 crore.
After starting her career at Boston Consulting Group following an MBA from IIM Bangalore, Bhavana Bindra soon moved to Cummins.
The company plans to double its revenue in next five years to about $3 billion which includes exports and domestic market
Engine and generator maker Cummins will hire about 500 engineers for a global research & development hub coming up in Pune. “We are investing Rs 1,000 crore in that. It will be one of the largest technical centres globally.
The company has introduced one model in the tipper segment, while the three other models have been launched in the cargo segment.
ACMA organises first 'Tech Expo' in USA with five global OEMs and 20 auto components manufacturing companies. The event is supported by Commerce, Government of India, the Tech Expo was spread over a period of 5 days which was organised with the support from companies like Ford, Fiat Chrysler, Cummins, Kohler, Polaris and few tier I companies from in and around of Indianapolis. Overall more than 800 visitors visited the 5 day show. A team of 32 delegates from 20 member companies travelled together, covering cities from Detroit to Minnesota.
Big firms could be part of a government-backed industry initiative to absorb contract workers as part of a push for more equitable treatment of the labour force.
Name | DIN | Designation | Date of joining | |
---|---|---|---|---|
John Mccormack Neil Barrowman | Unlock to View | Unlock to View | Director | 05 Aug,2017 |
Nicole Laverne Mcdonald | Unlock to View | Unlock to View | Director | 04 Aug,2017 |
Nusterer Norbert | Unlock to View | Unlock to View | Director | 26 Oct,2016 |
Pradeep Kumar Bhargava | Unlock to View | Unlock to View | Director | 26 May,2016 |
Suzanne Marie Wells | Unlock to View | Unlock to View | Director | 22 Aug,2014 |
Mark Andrew Smith | Unlock to View | Unlock to View | Director | 23 May,2014 |
Prakash Manjanath Telang | Unlock to View | Unlock to View | Director | 31 Jan,2013 |
Casimiro Antonio Vieira Leitao | Unlock to View | Unlock to View | Director | 03 Aug,2012 |
Anant Jaivant Talaulicar | Unlock to View | Unlock to View | Managing director | 25 Apr,2003 |
Nasser Mukhtar Munjee | Unlock to View | Unlock to View | Director | 29 Mar,2001 |
Rajeev Bakshi | Unlock to View | Unlock to View | Director | 20 Oct,2000 |
Venu Srinivasan | Unlock to View | Unlock to View | Director | 27 Jan,2000 |
Priya Shankar Dasgupta | Unlock to View | Unlock to View | Director | 26 Feb,1998 |
Cummins India Limited‘s balance sheet, profit & loss figures and Financial Ratios
Get plant information and details for Cummins India Limited
Know the direct, tier 1 and foreign suppliers for Cummins India Limited
Which business is the best revenue generator for Cummins India Limited
Cummins India Limited‘s subsidiaries, Joint Ventures, Associates & Signatories