Global power leader Cummins Inc. (NYSE: CMI) announced today
that it has signed a definitive agreement with Tata Motors Limited
(TML), to manufacture a range of low- to zero-emissions technology
products in India over the next few years. The definitive agreement
was signed by Jennifer Rumsey, President and Chief Executive
Officer, Cummins Inc., and Girish Wagh, Executive Director, Tata
Motors, at Cummins Inc. headquarters in Columbus, Indiana, USA.
Senior officials and dignitaries from Cummins, the company’s India
leadership team and Tata Motors were present during the signing of
the agreement.
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Cummins & Tata Signing Event (Photo:
Business Wire)
Tata Motors and Cummins have a 30-year strong partnership
through their joint venture Tata Cummins Private limited (TCPL) in
India, established in 1993. The signing of this definitive
agreement further strengthens their relationship and is a step
forward from the Memorandum of Understanding (MoU) signed between
the two organizations in November 2022 to collaborate on the design
and development of low- and zero-emissions propulsion technology
solutions for commercial vehicles in India.
As a part of this agreement, Cummins and TML have set up a new
business entity called TCPL Green Energy Solutions Private Limited
(GES), a wholly owned subsidiary under the existing joint venture
with a focus on the development and manufacturing of sustainable
technology products that will include hydrogen-powered internal
combustion engines, fuel delivery systems, and battery electric
powertrains and fuel cell electric systems through the
AcceleraTM by Cummins brand. The low- to zero-emissions
technologies developed by TCPL GES will be integrated into both
on-highway and off-highway applications for domestic and
international markets. This agreement will play a pivotal role in
developing sustainable powertrain solutions that will help in
mitigating greenhouse gas emissions, improving air quality, and
supporting India's net-zero ambitions.
After signing the agreement, Jennifer Rumsey, Cummins
President, and Chief Executive Officer said, “Progress requires
partnership, and I am delighted that we are embarking on this
decarbonization journey with our trusted partner of 30 years – Tata
Motors. Together, we will advance low- and zero-emissions
technologies in a way that is best for our customers, communities,
and the planet. By doing so, we are also unlocking new
opportunities to innovate for our employees all over the world and
those who share our passion for powering a more prosperous
world.”
Speaking on the occasion, Girish Wagh, Executive Director of
Tata Motors said, “Tata Motors is leading the global megatrend
of green, smart, and safe mobility in India. Our goal is to achieve
net zero emissions by 2045 in the commercial vehicles segment. We
are collaborating with partners who believe in this vision and are
delighted to further strengthen our three-decade long association
with Cummins Inc. Together, we will develop and indigenise smart
and green powertrain technologies to create India specific
sustainable mobility solutions. Our commitment and proactive
actions towards zero-emission technologies will enable customers to
progressively and seamlessly transition to cleaner and commercially
viable mobility solutions, in the coming years, thus shaping the
future of mobility in India.”
Expressing his delight on India being one of the first
markets to receive Cummins’ Hydrogen engines, Ashwath Ram, Managing
Director, Cummins Group in India shared his views, "I am
thrilled about the collaboration between Cummins and Tata Motors,
which will provide a significant boost to India's Green Hydrogen
Mission, electrification and net zero goals. Our shared vision of a
cleaner and greener India is backed by a promising combination of
global technological expertise, deep understanding of the Indian
market, and robust product development and manufacturing
capabilities. As we move forward in our partnership, we will
continue to explore new technologies and invest in research and
development to commercialize them in the coming years. Our focus is
on developing innovative and sustainable solutions that cater to
the evolving needs of the Indian Commercial vehicle market, and we
are confident that this collaboration will enable us to achieve
this goal.”
About Cummins Inc.
Cummins Inc., a global power technology leader, is a corporation
of complementary business segments that design, manufacture,
distribute and service a broad portfolio of power solutions. The
company’s products range from internal combustion, electric and
hybrid integrated power solutions to components including
filtration, aftertreatment, turbochargers, fuel systems, controls
systems, air handling systems, automated transmissions, electric
power generation systems, microgrid controls, batteries,
electrolyzers and fuel cell products. Headquartered in Columbus,
Indiana (U.S.), since its founding in 1919, Cummins employs
approximately 73,600 people committed to powering a more prosperous
world through three global corporate responsibility priorities
critical to healthy communities: education, environment, and
equality of opportunity. Cummins serves its customers online,
through a network of company-owned and independent distributor
locations, and through thousands of dealer locations worldwide and
earned about $2.2 billion on sales of $28.1 billion in 2022. See
how Cummins is powering a world that’s always on by accessing news
releases and more information at
https://www.cummins.com/always-on.
About Cummins Group in India
Cummins in India, a power leader, is a group of complementary
business units that design, manufacture, distribute, and service
engines and related technologies, including fuel systems, air
handling, filtration, emission solutions, and electrical power
generation systems. Its technology and pioneering initiatives are
bringing innovative solutions and dependable services at the best
possible value to users across the country. Its high-performance
outlook is based on customer focus, integrity, and capability of
its people. Part of the $24 billion Cummins Inc. USA, Cummins in
India is a Group of eight legal entities across 200 locations in
the country with a combined turnover of ₹24,000 crores in 2022 and
employing over 10,000 individuals.
About Tata Motors
Part of the USD 128 billion Tata group, Tata Motors Limited
(NYSE: TTM; BSE: 500570 and 570001; NSE: TATAMOTORS and
TATAMTRDVR), a USD 37 billion organization, is a leading global
automobile manufacturer of cars, utility vehicles, pick-ups, trucks
and buses, offering an extensive range of integrated, smart and
e-mobility solutions. With ‘Connecting Aspirations’ at the core of
its brand promise, Tata Motors is India’s market leader in
commercial vehicles and amongst the top three in the passenger
vehicles market.
Tata Motors strives to bring new products that fire the
imagination of GenNext customers, fuelled by state-of-the-art
design and R&D centres located in India, UK, US, Italy, and
South Korea. With a focus on engineering and tech enabled
automotive solutions catering to the future of mobility, the
company’s innovation efforts are focused to develop pioneering
technologies that are sustainable as well as suited to evolving
aspirations of the market and the customers. The company is
pioneering India’s Electric Vehicle (EV) transition and driving the
shift towards sustainable mobility solutions by preparing a
tailor-made product strategy, leveraging the synergy between the
Group companies, and playing an active role liasoning with the
Government in developing the policy framework.
With operations in India, the UK, South Korea, Thailand, South
Africa and Indonesia, Tata Motors’ vehicles are marketed in Africa,
Middle East, South & Southeast Asia, Australia, South America,
Russia, and other CIS countries. As of March 31, 2022, Tata Motors’
operations include 86 consolidated subsidiaries, two joint
operations, four joint ventures and 10 equity-accounted associates,
including their subsidiaries, in respect of which the company
exercises significant influence.
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version on businesswire.com: https://www.businesswire.com/news/home/20230426005151/en/
Jon Mills, Director- External Communications (317) 658-4540
jon.mills@cummins.com
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