Pune, Oct 22 (UNI) Cummins Generator Technologies (CGT) today announced the global launch of a new range of Stamford Alternators from 7.5 kVA to 42.5 kVA in the PO and P1 series to be manufactured at its new state-of-the art facility at Ranjangaon in Ahmednagar district.
Addressing a press conference, Cummins Generator Technologies Managing Director Pradeep Bhargava said that the USD 700 million company is witnessing a fast growing market primarily driven by the telecom industry, multi-storeyed buildings and retail chains.
''The Ranjangaon plant will cater to the Indian as well as the export market. Presently, production is on at the Ahmednagar facility but we are looking at enhancing the product range from the new plant,'' Mr Bhargava added.
The product will be launched hereafter in Europe, Middle-East, Africa, China, South-East Asia and the Americas. Presently, there are nine manufacturing locations around the world having a staff strength of 4000. In India, CGT has registered a turnover of Rs 360 crore.
CGT India will have a total installed capacity of 100,000 alternators per year in the next five years, after beginning with 10,000 in 2002.
Mr Bhargava said that the market is doubling annually.
''We are looking at producing large volumes of low value products at Ranjangaon. Trial productions have begun and around 50,000 alternators are expected to be manufactured in the first year beginning with around 150, of which exports will account for around 30 per cent,'' he added.
He informed that 95 per cent of the components are sources from the domestic market that have helped in making the product cost-effective.