Sunday, March 4, 2007
Cummins buys out Indian turbocharger partner
According to The Indianapolis Business Journal, Cummins Inc. has bought the 50 percent stake in a turbocharger manufacturing operation in India that it didn't already own.
The Columbus diesel engine maker didn't disclose the price it paid to assume total ownership of Tata Holset Limited, a unit of Tata Group of Companies.
Tata Holset will be renamed Cummins Turbo Technologies.