Cummins Buys Remaining Ownership Stake in Tata Holset Limited

Cummins Inc. last week announced that it acquired the remaining equity ownership in Tata Holset Limited from the Tata Group of companies. Cummins’ subsidiary, Cummins Turbo Technologies, and the Tata Group have manufactured turbochargers through a 50/50 joint venture agreement since 1994.

Tata Holset will be renamed and rebranded as Cummins Turbo Technologies, in line with the company’s branding strategy announced last year.

“We have enjoyed our partnership with the prestigious Tata Group over the last 12 years and will continue to sell our Holset-branded products to Tata Motors, one of our key strategic customers,” said Jim Lyons, president, Cummins Turbo Technologies. “This move will enable us to further leverage the Cummins brand in India where we already have many successful business and customer relationships.”

Cummins Turbo Technologies will continue to market turbochargers and other products under the Holset brand. Along with Tata Motors, Cummins Turbo Technologies’ other key Indian customers include, Cummins India, Eicher Motors, Mahindra & Mahindra and Tata Cummins — a joint venture partnership between Cummins Inc. and the Tata Group. Tata Cummins will not be affected by the change in equity holdings announced last week.

Cummins Turbo Technologies manufacturing facilities in India are located in Dewas, Madhya Pradesh, where they produce turbochargers for medium- and heavy-duty diesel engines for power generation, off-highway and on-highway vehicles. Headed by managing director, Shyamsunder Seshadri, the company employs more than 200 people in the manufacturing facility and more than 25 people in its Pune office.

Cummins Turbo Technologies is a global manufacturer of turbochargers for the medium-heavy-duty diesel engines market and has a reputation for bringing innovative solutions to the specific product requirements of this key market sector, the company says.