💨 Abstract

Cummins India, a subsidiary of U.S. truck engine maker Cummins, reported a 37% increase in Q2 profit, driven by strong demand for engines and power generators. Revenue rose due to price hikes on environment-friendly generator sets and increased volumes. The engine segment, which accounts for 80% of sales, grew by 30%. India's infrastructure growth and rising power demand are sustaining sales.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖