Cummins banks on underlying demand

Recording a net sales of Rs.1,296 crores in the first quarter of FY2018-19, down one-per cent against net sales of Rs.1,309 crores in the corresponding quarter last fiscal, Cummins is banking on positive medium to long term outlook for domestic sales. Confident of a positive underlying demand arising from sustained investments by the government in creating infrastructure for the Indian economy, the company saw its domestic sales in the first quarter of FY2018-19 decline sevenper cent at Rs.856 crores. Recording a growth in exports during the first quarter of FY201819 at Rs.441 crores, up 12 per cent, over the corresponding quarter last fiscal, Cummins, expressed Sandeep Sinha, Managing Director, is carrying forward orders into the current quarter as few suppliers faced supply constraints. “We expect fulfillment of these carry forward orders in the current quarter,” he added. Investing judiciously in product enhancements, increasing customer focus, controlling cost of operations, and improving productivity and quality, the company in India is positioning itself such that it continues to deliver value to the industry stakeholders.