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Cummins Inc., headquartered in Columbus, Indiana, is a global leader in power solutions. The company designs, manufactures, distributes, and services diesel and natural gas engines and related technologies. This includes fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems. With a workforce of approximately 75,500 employees, Cummins operates in around 190 countries through a network of 600 company-owned and independent distributors and 7,200 dealer locations.
Cummins' product portfolio is highly diversified. It includes engines used in commercial trucks, off-highway machinery, and railroad locomotives. The company also manufactures standby and prime power generators and powertrain components such as transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins has maintained its position as the top manufacturer of diesel engines despite intense competition and stringent government regulations on carbon emissions.
One of Cummins' recent achievements is the inauguration of a new state-of-the-art facility in Jamshedpur, India, in partnership with Tata Motors. This facility focuses on producing hydrogen-based internal combustion engines for medium and heavy commercial vehicles, reflecting the company's commitment to sustainable and zero-emission technologies. This project aligns with Cummins' long-term sustainability plan, PLANET 2050, aimed at addressing climate change and resource use while improving communities globally.
Cummins continues to expand its technological capabilities to support its Destination Zero strategy, which aims to advance decarbonization and offer customers a wide range of zero-emission products. In 2023, the company reported earnings of $735 million on sales of $34.1 billion, indicating a robust financial performance. Cummins remains committed to its core principles of sustainability, innovation, and customer success, driven by its vast technological expertise and global manufacturing network.
Cummins Inc. (NYSE: CMI) has signed a definitive agreement with Tata Motors Limited (NYSE: TTM) to manufacture low- to zero-emissions technology products in India. This collaboration, furthering their 30-year partnership, builds upon a prior Memorandum of Understanding from November 2022. The new entity, TCPL Green Energy Solutions Private Limited, will focus on developing hydrogen-powered combustion engines, fuel delivery systems, and electric powertrains under the Accelera brand. This initiative aims to support India's net-zero goals, provide sustainable mobility solutions, and enhance air quality. Cummins President Jennifer Rumsey emphasized partnership in advancing clean technologies, while Tata's Girish Wagh stated their commitment to achieving net-zero emissions in commercial vehicles by 2045.
Cummins has been recognized by the U.S. Department of Energy for its solar installation at the Rocky Mount Engine Plant in North Carolina, awarded with a 2023 Better Project Award. The 3.62 megawatt (MW) solar farm, operational since September 2022, generates approximately 5.6 million kilowatt hours of energy annually, significantly reducing grid electricity purchases. This initiative is part of the DOE's Better Buildings/Better Plants program, aimed at improving energy efficiency among leading manufacturers. The project includes unique solar tracking panels, enhancing efficiency on available land. Cummins aims to meet its PLANET 2050 sustainability goals, targeting a 50% reduction in greenhouse gas emissions by 2030 and striving for zero emissions by 2050. To date, Cummins has completed 65 solar array installations globally.
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