Cummins India Ltd (BOM:500480)
₹ 3728.15 -35.35 (-0.94%) Market Cap: 1.03 Til Enterprise Value: 1.01 Til PE Ratio: 56.10 PB Ratio: 15.52 GF Score: 95/100

Cummins India Ltd Investors and Analysts Call Transcript

Apr 24, 2020 / 08:30AM GMT
Release Date Price: ₹385.25 (-7.87%)
Ashwath Ram
Cummins India Limited - MD & Executive Director

So good afternoon, everybody. This is Ashwath. I'm the Managing Director of Cummins India, and I'm going to update you on how Cummins India is dealing with the COVID-19 pandemic. So as most of you would have seen these charts which come out on a daily basis, pretty much every country around the world is impacted, and the growth forecast for all countries is pretty much impacted, and especially India has been dropping quite significantly based on the more and more number of days of lockdown that we are seeing.

Cummins, of course, as you know, has a presence in over 140 countries around the world, and we are certainly impacted around the world. United States being our headquarters, is most significantly impacted. You can see there are already 850,000 cases in the U.S., almost 1/3 of the 2.7 million or so cases that are there worldwide. We also have a pretty large presence in China. But China now, we are happy to report, is fully back at work and is -- ramp-ups are going on in that country. And as far as India is concerned, we have

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