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Cummins to hire 2,500 in USA, Sales in India up 37 percent

Cummins to hire 2,500 in USA, Sales in India up 37 percent

Cummins Inc.’s (CMI) fourth-quarter profit climbed a better-than-expected 34% as strong sales in India and other BRIC countries offset weaker demand in the engine-maker’s North American market.  The maker of truck engines and power generation systems continues to expect growth, with plans to add about 2,500 U.S. jobs this year after adding only 185 in 2010.

The company’s profit was led by 48% increase in international sales that accounted for 64% of total sales. Sales in India shot up 37% during the year.

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