Tata Cummins to invest Rs.300 cr
Tata Cummins will invest Rs.300 crore to upgrade the range of engines it offers in India to meet BSVI emission norms that will come into existance from April 01, 2020. Industry sources claim that the company will also divert some of the investment to expand the manufacturing facility at Phaltan. The investment of Rs.300 crore is in addition to a scheduled investment of Rs.600 crore earmarked last year, mention sources. Tata Cummins is a joint venture between Tata Motors and Pune-based Cummins Inc. Anant J Talaulicar, Chairman and Managing Director, Tata Cummins, is known to say that his company will spend Rs.600 crore for the development of products and expansion of the facility this year. A sum of Rs.300 crore will be also spent on the development of BSVI technology. Cummins is said to be indigenising BSVI technology in a frugal manner. It is looking at a 50 per cent drop in technology costs when compared to the costs in Europe. Another focus area for Cummins is claimed to be alternate fuels. The company is said to be looking at battery systems and electronics deployed in electric vehicles.