Cummins

Cummins

Designs and manufactures power solutions globally

About Cummins

Simplify's Rating
Why Cummins is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

10,001+

Company Stage

IPO

Total Funding

$82.5M

Headquarters

Columbus, Ohio

Founded

1919

Overview

Cummins designs and manufactures power solutions, including diesel, natural gas, electric, and hybrid powertrains, along with related components and technologies. Their products serve a wide range of industries, such as commercial vehicles, industrial equipment, healthcare, defense, marine, mining, and telecommunications. Cummins operates through five segments: Engine, Power Systems, Components, Distribution, and New Power, allowing them to target specific markets while sharing technology and resources. The company generates revenue from selling engines and power systems, as well as providing digital solutions and technical support. Cummins is committed to sustainability, focusing on clean energy solutions like hydrogen engines and advocating for climate change initiatives, which sets them apart from competitors.

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Funded Recently
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Simplify's Take

What believers are saying

  • Growing hydrogen technology interest expands Cummins' engine offerings and partnerships.
  • Demand for hybrid and electric powertrains drives Cummins' innovation and market expansion.
  • Global carbon reduction efforts provide Cummins opportunities in clean energy projects.

What critics are saying

  • Diesel engine recall may harm Cummins' reliability reputation and incur financial losses.
  • CFO resignation in India could cause temporary financial management instability.
  • Class action lawsuit poses potential legal expenses and financial liabilities for Cummins.

What makes Cummins unique

  • Cummins leads in diverse power solutions, including diesel, natural gas, and hydrogen engines.
  • The company excels in integrating digital tools for advanced powertrain component design.
  • Cummins' global distribution network enhances its market reach and customer support.

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Funding

Total Funding

$82.5M

Above

Industry Average

Funded Over

1 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!

Grant Funding Comparison Coming Soon

Company News

Construction Business Today
Jan 20th, 2025
Cummins India unveils engine platforms and hydrogen solutions at Bharat Mobility Global Expo 2025

Cummins Group in India made a resounding statement at the Bharat Mobility Global Expo 2025 with the launch of its groundbreaking HELM(TM) (Higher Efficiency, Lower Emissions, Multiple Fuels) engine platforms, solidifying its position as a leader in innovative and sustainable power solutions for the commercial vehicle (CV) market.

Board Stewardship
Dec 6th, 2024
Ajay S. Patil Steps Down as CFO of Cummins India

Ajay S. Patil steps down as CFO of Cummins India.

The Manufacturer
Nov 19th, 2024
Cummins named top 100 diversity leader

Cummins Inc. has ranked in the Financial Times Diversity Leaders list for the fourth consecutive year, securing a position in the top 100 once again.

Cummins
Nov 6th, 2024
Cummins, Holtex and The University of Manchester win UK government award for digital tool advancing hydrogen powertrain component design

On Nov. 1, Cummins Inc. (NYSE: CMI) launched Project Unity, a collaborative effort with Holtex and the University of Manchester to develop an advanced digital tool aimed at improving the design and durability of components used in hydrogen-fuelled powertrains.

Accesswire
Oct 31st, 2024
CMI SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Cummins Inc. Stockholders with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

CMI SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC announces that Cummins Inc. stockholders with substantial losses have opportunity to lead Class Action lawsuit!

MarketBeat
Oct 23rd, 2024
Dupree Financial Group LLC Makes New Investment in Cummins Inc. (NYSE:CMI)

Dupree Financial Group LLC makes new investment in Cummins Inc. (NYSE:CMI).

RV Business
Oct 4th, 2024
GenTent Announces OEM Agreement with Cummins Inc.

BRENTWOOD, N.H. - GenTent Safety Canopies, LLC today announced it has entered an original equipment manufacturer (OEM) agreement with Cummins, Inc. a global leader in power and technology solutions.

CDL Life
Oct 1st, 2024
Cummins, Inc. recalls more than 9000 diesel engines over fuel pump failure concerns

Cummins, Inc. recalls more than 9000 diesel engines over fuel pump failure concerns.

Manufacturing Today India
Sep 30th, 2024
Cummins India launches RAS to reduce emissions in CPCBII and CPCBI gensets

Cummins India launches RAS to reduce emissions in CPCBII and CPCBI gensets.

Race Auto India
Sep 30th, 2024
RACE AUTO INDIA

Cummins India launches innovative Retrofit Aftertreatment System for CPCBII and CPCBI gensets.

Cummins
Sep 27th, 2024
Marina's 30-year journey at Cummins

Marina Savelli joined Cummins Inc. three decades ago, starting her career in finance.

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