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TCL to begin manufacturing ISB engine
By agencies
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Friday, 03 February 2006, 20:30 IST
PUNE: Cummins Inc and Tata Motors have signed an agreement that will allow their joint venture (JV) - Tata Cummins Ltd (TCL) - to begin manufacturing the ISB engine.
As per the agreement signed by both the entities, TCL will increase its total engine production to 100,000 units within two years and 120,000 units thereafter. The engines produced by TCL will meet Euro 2, Euro 3 and Euro 4 Indian and European standards for diesel emissions. The JV now produces approximately 69,000 Cummins B Series engines a year.
Cummins Indias Chairman and Tata Cummins Ltds Managing Director, Anant Talaulicar said, Cummins has had a longstanding presence in India where it has operated since 1962, and this is another significant milestone in our strategic plans to expand in India."
The estimated $60 million needed for the expansion will be funded by TCL's ongoing cash flow and joint venture debt. The JV came into existence in 1992, has been a successful venture between the two companies and manufactures the Cummins B Series engines in India.