Cummins President and Chief Operating Officer joins President Biden to talk innovation and semiconductors

Cummins President and Chief Operating Officer, Jennifer Rumsey speaks with U.S. Secretary of Commerce, Gina Raimondo

On March 9, President Biden assembled a team of executives and two Midwestern governors to address the semiconductor shortage. Cummins President and Chief Operating Officer Jennifer Rumsey was asked to attend the roundtable to relay Cummins’ support for private and public action and share how the shortage has impacted business. 

In addition to Rumsey, executives from Whirlpool, HP, Medtronic, Samsung, and Micron participated with Indiana’s Governor, Eric Holcomb and Michigan’s Governor, Gretchen Whitmer.

President Biden had a simple ask: support the Bipartisan Innovation Act. The president looked to Rumsey and the other leaders to learn how their businesses and states have been impacted, and how critical semiconductors are to their success.

President Biden asked Rumsey about Cummins’ production of battery electric and alternative fueled engines, and if the semiconductor shortage will impact the company’s progress and plans to be competitive globally. He also wanted to know how passing the Innovation Act can help.

“I spent time prior to my current role as Chief Technical Officer, so I saw firsthand the need for innovation, and the power of government and private sectors coming together to focus on innovation,” said Rumsey. “There has never been a more important time than now to focus on innovation when you consider the environmental and technical challenges we face as a society.”

Rumsey highlighted the importance of partnership and how Cummins has worked closely with the Department of Energy through the 21st Century Truck Partnership. The partnership has enabled the company to advance technology and improve fuel efficiency in trucks by a 50 percent reduction in CO2.

Rumsey continued to speak on the importance of coming together in a bipartisan way to drive and fuel innovation in the U.S., and bring high-tech manufacturing jobs to the U.S. She then touched on the critical role semiconductors play in Cummins’ products.

“Our products do not run, in most cases, without semiconductors,” added Rumsey. “They’re critical for emissions and safety-control systems, and increasingly we’re utilizing them as our technology advances, and we have not been able to get enough.”

The scarcity of semiconductors has impacted the company’s ability to build and deliver products to the company’s customers. Rumsey explained how the semiconductor chips used in Cummins’ products are very different from those used in cell phones and other electronics, due to the intense environments and labor engines must perform in.

Rumsey concluded by offering support and a commitment to continue Cummins’ expertise and knowledge to solve this critical global problem.

Molly Preston

Molly Preston is a Senior Communications Specialist for Internal Communications at Cummins Inc. She earned her bachelor’s degree in Public Relations, with a leadership minor from Franklin College in Franklin, Indiana. Molly joined the company in 2016 supporting digital operations.

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.

To locate your nearest authorised Cummins dealer visit our sales and service locator

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