KPIT Cummins to set up PACCAR's Tech Centre

PUNE: KPIT Cummins Infosystems will launch the PACCAR Technical Center in Pune, India. This centre will eventually have 200 employees focussing on engineering, information technology and component sourcing for worldwide production and aftermarket operations, according to a release posted on PACCAR’s website. This centre will be located near KPIT Cummins’ main campus at Hinjewadi, Pune.

PACCAR is a US $10.29 billion commercial vehicle maker under the Kenworth, Peterbilt and DAF name plates. The company also provides customised financial services, information technology and truck parts related to commercial trucks. Globally, it is regarded as the third largest commercial vehicle maker by unit sales, after Daimler AG and Volvo.

The statement quotes Todd Coulter, PACCAR India executive director, saying, "The PACCAR India Technical Center will deliver quality resources to our global engineering and IT organisations and enable PACAR to accelerate new product development."

In its investor update, released along with its Q2 results, KPIT Cummins has noted, "This partnership is a significant achievement as it is one of the largest deals in our business history and it is spread across different business units."

KPIT Cummins has reported a 51% growth, quarter on quarter, in its Q2 net profit, to Rs. 36.47 crore in revenues of Rs. 325.01 crore. It has also announced it will invest upto US $0.75 million in a subsidiary in Brazil, following its customer.