[T.S.R:16914] Cummins India-BUY

Cummins India is a 51% subsidiary of Cummins USA

 

- CIL has a Competitive  advantage  over  peers  as its parent company is  equipped  with  best  technologies of the World and has presence  across  all  the segments

 

- Cummins Global (USA) targets 15% share of India 's contribution to Global Revenue from the current 10% share

 

-The Company's Guidance is 45% and 21% in top line growth in FY11& FY12 with stable operating margin

 

-Cummins Inc aims more than triple its investment in India from $150 million to $500 million by 2015 which shows the group's aggressive strategy in the Indian market
 

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.

 

Nothing in this article is, or should be construed as, investment advice.

 

 

 

 

 

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