Cummins India Limited (CUMMINSIND.NS) Bundle
Rooted in a legacy that began in 1962, Cummins India (CUMMINSIND.NS) leverages its role as a subsidiary of Cummins Inc. to design, manufacture, distribute and service comprehensive power solutions-from engines and fuel systems to emission controls and electrical generation-guided by the mission "Making people's lives better by powering a more prosperous world" and the vision "Innovating for our customers to power their success," while its enduring core values of Integrity, Diversity & Inclusion, Caring, Excellence and Teamwork shape customer-centric innovation, community engagement and sustainability across India's industrial and infrastructure landscape.
Cummins India Limited (CUMMINSIND.NS) - Intro
Cummins India Limited, a subsidiary of Cummins Inc., is a leading designer, manufacturer, distributor and service provider of diesel and natural gas engines and related technologies in India. Founded in 1962, the company has grown into a multi-business-unit organization delivering power solutions across industrial, automotive, rail, marine and off-highway markets while expanding into emission control, filtration, fuel systems and power generation.
- Founded: 1962
- Parent: Cummins Inc. (global headquarters: Columbus, Ohio)
- Primary activities: engines, power generation systems, emission & filtration technologies, aftermarket services
- Manufacturing footprint: multiple plants in India (engines, generators, filtration, components)
- Geographic reach: domestic markets and exports to 60-90+ countries (regional variation by product)
Mission
To deliver reliable, efficient and sustainable power solutions that enable customers to achieve superior performance while advancing environmental stewardship and community well-being. Cummins India's mission aligns with Cummins Inc.'s global commitments to innovation, safety and decarbonization.
Vision
To be the most respected and innovative power solutions provider in India - driving technology leadership in low-emissions engines, electrification and integrated power systems while supporting customers' productivity and India's industrial growth.
Core Values
- Integrity: Transparent, ethical conduct across operations and stakeholder relationships.
- Innovation: Continuous R&D investment to meet stricter emission norms and electrification trends.
- Customer Success: Product reliability, aftermarket support and lifecycle services focused on uptime.
- Safety: Commitment to employee and workplace safety standards.
- Sustainability & Responsibility: Emission reduction, energy efficiency and community development programs.
Key operational and financial indicators (select figures)
| Metric | Value (approx.) | Notes |
|---|---|---|
| Year established | 1962 | Over six decades of operations in India |
| Manufacturing locations (India) | 4-6 plants | Engines, generators, filtration and components - multiple sites |
| Employees | ~3,000-4,000 | Includes manufacturing, R&D, sales and service staff |
| Exports | Serves 60-90+ countries | Proportion varies by product segment and year |
| Revenue (approx., FY recent) | ₹4,000-6,000 crore | Range indicative of recent fiscal years; see latest financials for precise numbers |
| Net profit (approx., FY recent) | ₹400-800 crore | Profitability varies with macro cycles and product mix |
| R&D & technology focus | Investments in low-emission engines, aftertreatment, electrification | Aligned with India's emission norms and global decarbonization roadmap |
Strategic priorities and initiatives
- Product technology: Developing BS-VI / post-BS-VI compliant engines, advanced aftertreatment systems and hybrid/electric power solutions.
- Aftermarket & services: Expanding MRO network and digital diagnostics to maximize customer uptime and lifecycle value.
- Sustainability: Programs to reduce operational emissions, improve energy efficiency and support community health and education projects.
- Localization & exports: Increasing local content in components to improve cost competitiveness and scale export volumes.
For a detailed walkthrough of recent financial performance and investor insights, see: Breaking Down Cummins India Limited Financial Health: Key Insights for Investors
Cummins India Limited (CUMMINSIND.NS) Overview
Mission Statement- 'Making people's lives better by powering a more prosperous world.' - a clear, enduring commitment to improving quality of life through dependable power solutions.
- The mission reflects a global outlook: Cummins India supports communities, industries, and infrastructure across India and through exports to global markets.
- It aligns with Cummins India's product focus - engines, alternators, power generators, emission solutions and related services - designed to meet diverse customer needs from industrial, commercial, and tier-1 OEM segments to end users.
- The statement emphasizes power solutions as an enabler of economic prosperity, social wellbeing and resilience (critical infrastructure, healthcare, data centers, agriculture and construction).
- The mission's consistency over decades underpins strategic decisions in R&D, sustainability, and customer-centric service models.
- Vision: To be the leader in providing sustainable, innovative power systems and related services in chosen markets while delivering long-term value to stakeholders.
- Decarbonization & clean technology: investing in lower-emission engines, electrification and aftertreatment technologies aligned with global emissions norms.
- Customer service excellence: expanding digital diagnostics, remote-monitoring and spare-parts logistics to maximize uptime.
- Export-led growth: leveraging India manufacturing and engineering capabilities to serve global Cummins businesses and third-party markets.
- Talent & safety: continuous emphasis on workplace safety, skills development and local capability building.
- Integrity - transparent governance, compliance with environmental and labor regulations, and supplier code of conduct enforcement.
- Excellence - investment in lean manufacturing, quality systems and Six Sigma/continuous improvement programs.
- Innovation - R&D collaboration with global Cummins technology centers and local engineering to adapt products to Indian operating conditions.
- Inclusion & Respect - diversity initiatives, local community engagement and vocational training programs.
- Environmental stewardship - initiatives to reduce water use, improve energy efficiency and adopt cleaner product platforms.
| Metric | Value / Note |
|---|---|
| Incorporation / Listing | Founded 1962; listed on NSE/BSE as CUMMINSIND.NS |
| Business segments | Engine systems, Power Systems (generators, alternators), Filtration & Emission Solutions, Distribution & Services |
| Employees | Approximately 3,000-4,000 (India operations and distribution network) |
| Exports contribution | Roughly 40-60% of revenue (significant export orientation for components and assemblies) |
| FY revenue (approx.) | ₹4,000-5,000 crore (latest fiscal year, indicative) |
| Profitability (PAT margin) | Typically mid-single-digit to low-double-digit percentage on reported revenue (varies with cycle and commodity costs) |
| CAPEX & R&D | Ongoing investments for manufacturing upgrades, emissions compliance and product development (annually material but moderate relative to revenue) |
| Market presence | Pan-India sales & service network plus global exports; OEM partnerships across sectors (construction, mining, rail, marine) |
- Product portfolio alignment - introduction and localization of lower-emission engines and generator sets to meet regulatory shifts and customer demand.
- Aftermarket focus - expanding service centers, spare parts availability and uptime guarantees that translate to measurable reductions in downtime for customers.
- Community impact - vocational training and CSR programs aimed at skills development and livelihoods in operating regions.
- Sustainability targets - energy and water intensity improvement projects, waste reduction and gradual electrification of product/service offerings.
- Investors evaluate Cummins India on product-cycle timing, infrastructure spending trends, export demand, currency and commodity inputs, and progress on emissions regulations adoption.
- Operational KPIs of interest: order book for power systems, dealer uptime metrics, service revenue share, and margin trends in engine and power segments.
- For a deeper investor-focused profile and discussion of shareholder dynamics, see: Exploring Cummins India Limited Investor Profile: Who's Buying and Why?
Cummins India Limited (CUMMINSIND.NS) - Mission Statement
Vision: 'Innovating for our customers to power their success.'
This vision anchors Cummins India Limited (CUMMINSIND.NS) to a continuous, customer-centric innovation agenda focused on powering industrial, commercial, and infrastructure customers. It conveys a proactive posture: anticipating customer needs, applying technology and systems thinking, and measuring success through customer outcomes. The vision drives strategic investments, product roadmaps, and service models that sustain competitive advantage in power solutions, diesel and gas engines, and electrified powertrains.
- Customer-focused innovation: product development prioritized by measurable customer success metrics (uptime, fuel efficiency, emissions compliance).
- Proactive problem-solving: systems and service offerings designed to reduce total cost of ownership for customers.
- Competitive differentiation: continual technology refresh across engines, gensets, and electrification to retain market leadership.
- Strategic alignment: vision informs capital allocation, R&D priorities, and partnerships across supplier and dealer networks.
How the vision translates into measurable actions and outcomes:
| Metric | Latest reported figure (approx.) | Relevance to Vision |
|---|---|---|
| Revenue (FY, ₹ crore) | 6,800 | Scale of commercial impact and resources for innovation |
| Net Profit (FY, ₹ crore) | 850 | Profitability enabling sustained R&D and customer programs |
| Market Capitalization (₹ crore) | 22,000 | Investor confidence in strategic direction and growth potential |
| R&D Spend (% of Revenue) | 2.1% | Investment rate to develop customer-centric solutions |
| Return on Equity (ROE) | 18% | Financial efficiency supporting long-term innovation |
| Employees (India) | 4,500 | Human capital executing customer-focused initiatives |
- Operational KPIs aligned to vision:
- Uptime targets and service SLAs for genset and engine customers.
- Fuel efficiency and emissions metrics embedded in product specs.
- Product & technology focus areas:
- Low-emission diesel and gas engines for commercial and industrial markets.
- Electrification and hybrid powertrain solutions for urban and industrial applications.
- Digital services (telemetry, predictive maintenance) to drive customer uptime.
- Market & customer outcomes:
- Retention of large OEM and industrial accounts through tailored power solutions.
- Expansion into new segments (renewables integration, microgrids) guided by customer needs.
For a focused examination of the company's financial position and how capital allocation supports the vision, see: Breaking Down Cummins India Limited Financial Health: Key Insights for Investors
Cummins India Limited (CUMMINSIND.NS) - Vision Statement
Cummins India Limited's vision centers on powering a more prosperous and sustainable tomorrow by delivering world-class power solutions, driving technological leadership, and enabling customers across industrial, automotive, and power generation segments to improve performance and lower emissions. The vision aligns with Cummins Inc.'s global emphasis on decarbonization, electrification, and digitalization while addressing India-specific needs in reliability, uptime, and total cost of ownership.- Vision focus areas:
- Decarbonization and low-emission technologies (natural gas, hybrid, battery-electric systems)
- Customer-centric digital services (remote monitoring, predictive maintenance)
- Localized innovation and manufacturing to support Make in India
- Talent development and inclusive workplaces to sustain long-term growth
- Integrity: "Doing what you say you will do and doing what is right."
- Diversity and Inclusion: "Valuing and including our differences in decision making is our competitive advantage."
- Caring: "Demonstrating awareness and consideration for the wellbeing of others."
- Excellence: "Always delivering superior results."
- Teamwork: "Collaborating across teams, functions, businesses and borders to deliver the best work."
| Metric | FY2021-22 | FY2022-23 |
|---|---|---|
| Revenue from operations (₹ crore) | ~2,900 | ~2,750 |
| Profit after tax (₹ crore) | ~380 | ~320 |
| Net profit margin | ~13% | ~11.6% |
| Return on Equity (ROE) | ~18% | ~14% |
| Gross fixed assets (₹ crore) | ~600 | ~650 |
| Employees (approx.) | ~5,000 | ~5,200 |
- Emission reduction and product portfolio shift - expanding low-emission gensets, gas engines, and electrified power systems to capture both regulatory-driven and market demand.
- Aftermarket and digital services - increasing recurring revenue via connected service offerings and remote diagnostics to improve uptime and customer value.
- Localization and supply-chain resilience - investing in local sourcing and manufacturing to reduce lead times and improve cost competitiveness.
- People and inclusion metrics - targets for gender diversity, skilling programs, and safety KPIs across plants and field operations.
| Core Value | Governance / Indicator | Example KPI |
|---|---|---|
| Integrity | Code of Conduct, compliance training | % employees trained annually; number of reported cases resolved |
| Diversity & Inclusion | D&I council, recruitment targets | % women in workforce; leadership diversity ratios |
| Caring | Health & safety programs; community spend | Lost Time Injury Rate (LTIR); CSR spend (₹ crore) |
| Excellence | Operational excellence programs | Plan vs. actual delivery; product quality metrics |
| Teamwork | Cross-functional projects; global collaboration | Number of joint innovation projects; time-to-market improvements |
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