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Allison Transmission Partners with SANY to Expand Presence in Global Wide Body Mining Dump Truck Market
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary
Allison Transmission has expanded its partnership with SANY by signing a Letter of Intent to supply its Allison 4000 Series™ transmission for the SKT105 wide body mining dump truck in the Indian market. This collaboration marks SANY as the first OEM to manufacture WBMD trucks outside of China, creating an opportunity worth $100 million in annual revenue for Allison. The Allison 4000 Series transmission is specifically designed for harsh mining environments, enhancing vehicle performance and productivity. This partnership aims to leverage joint success in the Chinese market to foster innovation and growth in India.
Positive
Expansion of partnership with SANY opens new market opportunities in India.
Potential $100 million in annual revenue from the new collaboration.
Allison 4000 Series transmission is tailored for harsh mining conditions, enhancing productivity.
Negative
None.
INDIANAPOLIS--(BUSINESS WIRE)--
Allison Transmission is pleased to announce it has expanded its partnership with SANY, a global heavy equipment manufacturer for the mining and construction markets, by signing a Letter of Intent to supply the Allison 4000 Series™ transmission for SANY’s SKT105 96-ton wide body mining dump (WBMD) truck for the India market. SANY is the first OEM to manufacture WBMD trucks outside of China. Allison’s recent growth in the WBMD application represents an opportunity of $100 million in annual revenue.
The SANY SKT105 wide body mining dump truck for the India market is equipped with the Allison 4000 Series® transmission purpose-built for mining applications. (Photo: Business Wire)
“Allison’s partnership with SANY has reached a new milestone with this expansion into a new geographic market for our purpose-built transmission for mining applications,” said Kartik Ramanan, Executive Director, Global Off-Highway, Customer Support and Service Engineering. “We’ll draw on our joint success in the wide body truck market in China to create an ecosystem of innovation and growth in the fast-developing India market. Our goal is to create a differentiated value proposition for our customers by providing a reliable and durable transmission that optimizes driver comfort and delivers superior total cost of ownership through increased productivity and uptime.”
“Our latest collaboration with Allison demonstrates SANY’s global scale and commitment to expanding our reach to new end markets,” said Deepak Garg, Managing Director, SANY Group India and South Asia. “We’re eager to provide our innovative SKT105 WBMD truck, equipped with the proven Allison 4000 Series, to customers in India to increase productivity and improve the way they work in the challenging mining environment.”
The SKT105 truck will be used for hauling ore and overburden, the rock or soil layer that needs to be removed in order to access the ore in mining fields. The Allison 4000 Series transmission is specifically designed for the severe duty-cycles that trucks are put through in tough mining environments. Together, SANY and Allison will deliver improved vehicle performance and productivity, as compared to manual and other automatic transmissions.
About Allison Transmission Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
What recent partnership has Allison Transmission signed related to the Indian market?
Allison Transmission has expanded its partnership with SANY by signing a Letter of Intent to supply the Allison 4000 Series™ transmission for the SKT105 wide body mining dump truck in India.
How much revenue is expected from the new agreement between Allison and SANY?
The collaboration is projected to create an opportunity worth $100 million in annual revenue for Allison.
What is the significance of SANY manufacturing WBMD trucks outside of China?
SANY is the first OEM to manufacture wide body mining dump trucks outside of China, marking a significant milestone for Allison Transmission.
What is the purpose of the Allison 4000 Series transmission?
The Allison 4000 Series transmission is designed for severe duty-cycles and tough mining environments, improving vehicle performance and productivity.
