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HDFC Securities Retail Research
Cummins India Ltd. is well positioned to offer wide product offerings when mainstream diesel/gas power generation assets are phased out. Being a subsidiary of Cummins Inc, USA, the company has access to advanced technologies in the power technology business.
Cummins group has spent years to innovate and perfect these alternate technologies which are expected to become mainstream energy requirements.
Cummins India's diversified business presence across power generation, industrial business segment, exports, and distribution results into reasonably robust long-term growth prospects.
It plans to widen its product portfolio through foray into electrification, renewable, alternative fuel, and advanced analytics in the long term.
The company's strong parentage gives it an edge, lending access to next generation products at marginal royalty payments (~1% of net sales).
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