Cummins launches CPCB II genset models

Dec 20, 2013, 11.04 AM IST

The company has successfully field-tested 50 units and has already commenced production for the new series.

Tags  Cummins, CPCB II, Rajiv Batra, Gensets, Emission norms

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Cummins launches CPCB II genset models

The company has successfully field-tested 50 units and has already commenced production for the new series.

Like this story, share it with millions of investors on M3

Cummins launches CPCB II genset models

The company has successfully field-tested 50 units and has already commenced production for the new series.

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Cummins India  has launched new models of generators in line with the CPCB II (Central Pollution Control Board) norms. The company has successfully field-tested 50 units and has already commenced production for the new series, said CFO Rajiv Batra on CNBC-TV18.

The new CPCB II norms will be applicable from April 1, 2014, (got delayed by 8 months, the earlier implementation date was July 2013).

"The CPCB II norms have come after gap of 7-8 years. These are more environment-efficient norms. The company expects a rise in the overall cost for new product line by 15-20%," he said.

These norms are applicable for products up to 800 kVA and may impact 40% of Cummins portfolio.

Batra feels the genset industry could see some pre-buying before April 1 and the new product launch will be margin-neutral.

Transcript to follow

Cummins stock price

On December 20, 2013, at 11:13 hrs Cummins India was quoting at Rs 483.60, up Rs 18.95, or 4.08 percent. The 52-week high of the share was Rs 550.00 and the 52-week low was Rs 365.05.

The company's trailing 12-month (TTM) EPS was at Rs 26.47 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 18.27. The latest book value of the company is Rs 86.10 per share. At current value, the price-to-book value of the company is 5.62.

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