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Cummins India's results for Q2 2016-17

By Swati Deshpande,

Added 02 November 2016

The company’s gross sale is recorded at ₹ 1,331

Anant J. Talaulicar, Chairman & Managing Director, Cummins India Limited, said, "Our second quarter results indicate that while the Indian economy is recovering, the recovery is not robust yet. Also our exports continue to face headwinds due to the macroeconomic situation. We continue to make inroads and gain market share domestically. Government led investments in roadways and railways continued to drive our sales growth in the industrial engine segments. Despite exports revenues remaining depressed, our strong focus on cost optimization and efficiency improvement has helped the Company sustain its profitability."

He further said, "We remain optimistic about future growth opportunities, largely owing to infrastructure investments by the government that are expected to sustain, the impending introduction of GST and the better than average monsoon. The Company remains committed to investing in customer-centric, fit-for-market products and technologies as well as in leadership and diverse talent development to continue delivering profitable growth in the future."

END