Cummins India Limited Sells Subsidiary to PAL SVAM Power Solutions
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Cummins India Limited has announced the sale of its wholly-owned subsidiary, Cummins Sales & Service Private Limited, to PAL SVAM Power Solutions for INR 56.5 crore. This strategic divestment, expected to be completed by April 1, 2025, reflects a shift in Cummins India's operational focus, potentially affecting its market strategy and stakeholder interests. The company operates in the industrial sector, specializing in engines and power generation products, with a significant presence in both domestic and international markets.
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