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.

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