"We will get through this." A personal note from Tom Linebarger

Cummins - Tom Linebarger - Employees

"An outbreak like this can be frightening. In times like this, when social distancing and isolation are advised, personal connection - even electronically - is more important than ever..."

Cummins Inc. Chairman and CEO, Tom Linebarger
Cummins Inc. Chairman and CEO, Tom Linebarger

The COVID-19 pandemic has now touched every corner of the world. We are in uncharted territory, and all of us are having to make changes – big ones – in how we live and work.  

Like many of you, I am concerned about my family, especially my parents who are in the high-risk category. I am also concerned about all of you and about the impact the pandemic is having on our people, our customers and partners, and our communities. My heart and thoughts go out to everyone who has been affected by the coronavirus or the problems created by the pandemic. The impact on people is very significant. 

The impact on the global economy is also large and growing and its significance will not be fully understood for some time. As restaurants, hotels, and businesses of all sizes close their doors, many employees will be unable to earn wages and will soon find themselves experiencing financial challenges. Many of these businesses support our company, our communities and our families, and their employees are people we know personally.

At Cummins, we are doing everything that we can to continue supporting our customers and partners and to keep our business operating so we can support our employees and our communities. Moreover, our products are critical to the economy at this time. We supply primary and backup power to medical facilities, power to data centers and call centers that help keep people connected, engines for ambulances, fire trucks, food and medical delivery vehicles, and so much more. Our service workshops around the world also ensure that these products continue to work when they are needed most.  

I want to sincerely thank those of you who are working at our manufacturing plants, distribution centers, technical centers, and service operations around the world. I have never been more proud of the ways that Cummins employees and products power the world. 

In order to fulfill our mission, we must also ensure the health and safety of all of our people. Given the size and speed of the pandemic, we are working across all areas of our company and with governments, agencies and other groups to make informed decisions and act as quickly as possible. We have cross-functional subject matter experts who are working diligently on a daily basis to address topics from employee health and wellness to customer and supply chain impact. In addition, our senior leaders meet every day to conduct and review global risk assessments, review new information and make the best judgments and decisions we can based on the facts while staying consistent with our company values. 

Many of the countries where we operate have implemented emergency measures to curb the spread of the disease, such as banning and restricting gatherings, closing schools and educational facilities, and strongly encouraging social distancing. We need to follow these mandates and the expert guidance provided by the Centers for Disease Control in the USA, the World Health Organization, and other national health institutions on how to minimize the spread of the virus. 

These measures are essential to ensure our global healthcare systems are not overwhelmed so that those who need it most can get the care they need. This guidance requires us to change many of our habits and behaviors, but we must do so for our own health and for those most vulnerable in our communities.

This is a very difficult time. But we will get through this. We will continue to rely on the amazing people and teams in the company to solve problems as they arise. We will provide support to our employees and their families as they face new challenges.And we will continue to care for each other.

I know that an outbreak like this can be frightening.In times like this, when social distancing and isolation are advised, personal connection - even electronically - is more important than ever. Please, reach out to your colleagues and friends via those virtual channels and ask them how they are doing and ask what you can do to help. 

Take care,  

Tom Linebarger

Chairman and CEO | Cummins Inc. 

Tom Linebarger Chairman and CEO

Tom Linebarger

Tom Linebarger became Chairman and CEO of Cummins Inc., the largest independent maker of diesel engines and related products in the world, on January 1, 2012.  Prior to becoming Chairman and CEO, he served as President and COO from 2008 to 2011, Executive Vice President and President, Power Generation Business from 2003 to 2008, Vice President and Chief Financial Officer from 2000 to 2003, and Vice President, Supply Chain Management from 1998 to 2000.

Cummins India Limited Results for the quarter ended June 30, 2022

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Pune, India: Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed and approved the financial results for the quarter ended June 30, 2022. 


Performance Highlights (based on standalone financial results) for the quarter ended June 30, 2022:
 

•    Total Sales for the quarter at ₹ 1,657 Cr. increased by 42% compared to the same quarter last year and by 13% compared to the previous quarter.
•    Domestic sales at ₹ 1,172 Cr. increased by 36% compared to the same quarter last year and by 12% compared to the previous quarter.
•    Exports Sales at ₹ 485 Cr. increased by 58% compared to the same quarter last year and by 14% compared to the previous quarter.
•    Profit before exceptional items and tax at ₹278 Cr. is higher by 63% compared to the same quarter last year and higher by 14% compared to the previous quarter.
•    Profit before tax at ₹264 Cr. is lower by 13% compared to the same quarter last year and higher by 8% compared to the previous quarter.
 

Ashwath Ram, Managing Director, Cummins India Limited, said: 
 

The new fiscal year started positively with strong demand from most end markets. GST monthly collections, higher highway construction annual targets, and increased consumption of petroleum products reaffirms the strength of underlying trade activities. Geopolitical risk, high inflation, and supply chain disruptions continue to pose challenges. Cummins India can effectively meet demand despite these issues due to its integrated supply chain management with a global network. While we effectively deal with challenges and closely monitor any potential impact of rising interest rates on the demand, we remain optimistic about the short to medium-term demand outlook. 

Future Outlook:
 

The company believes that the strong demand from various end markets may likely sustain. At the same time, high inflation and supply chain issues will, in all probability, continue to impact the industry. The company, being part of the globally integrated supply chain, is well positioned to manage parts supplies to mitigate the impact on revenue and profitability. We are closely monitoring the result of the geopolitical events unfolding in different parts of the world and their impact on global demand and supply chain. Considering the uncertainty, the company will not provide any guidance for FY 23.
 


About Cummins India Limited 


Cummins India Limited, part of the Cummins Group in India, is headquartered in Pune since 1962 and is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. Cummins India Limited has a country-wide network of 20 dealerships with over 450 service points that provides products, services, and after-market solutions for uptime of Cummins equipment and engines to customers in India, Nepal, and Bhutan. 
 

About Cummins Group in India:
 

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on customer focus, integrity, and capability of its people. Part of the $19.8 billion Cummins Inc. USA. Cummins in India is a Group of seven legal entities across 200 locations in the country with a combined turnover of ₹17,900 crores in 2021 and employing over 10,000 individuals. Learn more at cummins.com.

Cummins salutes its star dealers in U.K. and Ireland for their exceptional performance

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Cummins, a global power leader, has bestowed prestigious awards to three of its dealers in the UK and Ireland.

The trio – Vasi Southern Ltd, Universal Components UK Ltd and CSL Power Systems Ltd – were recognised for their outstanding focus on customer satisfaction and for delivering exceptional performance and results.

Relating to the 2021 calendar year, the awards cover a period when the UK and Irish economies were still coming to terms with the disruption caused by the Covid pandemic.

Customers of Cummins, spread across a variety of business sectors, looked to their local dealer to provide the continuity of service that was essential if they were to trade through the toughest of times.

All three Cummins award winners demonstrably went above and beyond what their customers were expecting.

Vasi Southern Ltd is an approved parts and service dealer based in the port city of Southampton. It specialises in marine engines and Onan generator sets. The company won the same award in 2020 and its back-to-back success was down to a commitment to increasing revenue and achieving all of its key performance targets.

Simon Green – Vasi Southern Ltd
Simon Green – Vasi Southern Ltd

Universal Components UK Ltd is an approved parts dealer based in Barnsley, South Yorkshire. In 2021, it achieved the highest sales growth by any dealer within the Cummins UK and Ireland network. Its strategic stockholding meant the business could ride out supply challenges while continuing to target new markets and geographical locations.

Rick Lewis & Stuart Ponsonby – Universal Components
Rick Lewis & Stuart Ponsonby – Universal Components

CSL Power Systems Ltd, based in Kent with additional resource availability nationwide is an approved Power Generation sales and service dealer. The company is a specialist in the installation and maintenance of industrial generator sets, including units for banks and commercial buildings.

Kurt Gozzett & Todd Trent – CSL Power Systems
Kurt Gozzett & Todd Trent – CSL Power Systems

As well as achieving all its key performance targets, CSL Power Systems Ltd demonstrated a clear desire to grow its operations, proactively promoting the Cummins product.

Graham Cook, Cummins’ Dealer Manager for UK and Ireland, praised the award-winning dealers for their commitment, commenting: “Our authorised dealers throughout the UK and Ireland form an integral part of our sales network. Vasi Southern, Universal Components and CSL Power Systems demonstrated their commitment and capabilities through 2021, further strengthening the channel, maximising profitable aftermarket growth, and delivering excellent customer support.

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