Register to Subscribe



Home arrow Automotive arrow Beiqi Foton Motor to source engines from Cummins for upcoming Pune facility
Beiqi Foton Motor to source engines from Cummins for upcoming Pune facility Print E-mail
Written by Ramanathan   
Thursday, 29 September 2011
Mumbai: China's largest commercial vehicle maker, Beiqi Foton Motor will source engines from Cummins for its manufacturing facility, which is slated to be set up in Pune. The plant will have an installed capacity of 1,00,000 units per year.

The company signed a Memorandum of Understanding (MOU) with the Maharashtra government to invest Rs 1,676 crore to set up a manufacturing facility in Maharashtra. The company is looking for around 250-300 acre land near Pune to set up the facility.

Beiqi Foton Motor India Executive Vice-President R Shankar said that the company was in talks with the Maharashtra Industrial Development Corporation (MIDC) for acquiring land near Pune. He said that they would get the required land at Chakan within two months.

Beiqi Foton Motor, which has 14 plants in China and has JVs and partnerships with Cummins Inc and Dialmer Trucks, plans to bring its light, medium and heavy commercial vehicle range to the domestic market.

Cummins India manufactures diesel and natural gas engines for power generation, industrial and automotive markets. Cummins is currently providing engines for Beiqi Foton Motor's China facilities.

It has been recently reported that Beiqi Foton Motor plans to conduct a private placement to 10 designated investors (including Beiqi Group and a number of mutual funds) in order to raise up to CNY 5 billion to upgrade its cars and to inject capital into Beijing Foton Cummins Engine.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2017 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768