MOSL: THE CORNER OFFICE (CUMMINS INDIA) — Infrastructure spending to drive domestic demand
​THE CORNER OFFICE (CUMMINS INDIA) — Infrastructure spending to drive domestic demand; Competitive intensity remains high
Mr Anant Talaulicar —Chairman and Managing Director
Mr. Talaulicar has been Managing Director of Cummins India Limited since April 2004. He has served as Managing Director of Tata Cummins Ltd since March 2004 and Vice President at Cummins Inc. since September 2005. Mr. Talaulicar also leads the Cummins India Foundation community development activities and serves as Member of the Confederation of Indian Industries, Society of Indian Automobile Manufacturers and Automobile Components Manufacturers Association.
Expects double-digit growth in domestic sales driven by infrastructure spending
Cummins India (KKC) has witnessed a pick-up in domestic demand, driven by strong infrastructure spending by the government. Over the medium term, the company expects domestic sales to register double-digit growth, given strong infrastructure spending and a pick-up in demand for backup power. Growth in domestic sales is expected to be driven by: a) Industrial segment: Industrial segments such as road construction, railways and mining provide strong opportunities, given the government’s focus on infrastructure development. Over the medium term, KKC expects growth in the industrial genset segment to come in better than that in the power generation segment, b) Power generation segment: KKC expects growth in this segment to be directly correlated to domestic GDP growth, driven by back-up power installations by end-consumers. Revival is seen in the key end-markets of IT/ITES, hotels, hospitals, data centers, and c) Distribution segment.
Cummins India is engaged in the manufacturing of diesel and natural gas engines. Co.'s operations are comprised of four business units; Industrial Engine, which caters to the industrial sector with its spectrum of diesel engines ranging from 65 HP to 3500 HP; Power Generation, which addresses standby and prime power needs through the design and manufacture of pre-integrated generator sets, transfer switches, paralleling equipment and controls; Distribution, which provides products, packages, services and solutions for uptime of Co. equipments; and Automotive, which integrates Co.'s diesel and natural gas engines with related technologies.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.