Cummins India approves acquisition of stake in Clean Max

Cummins India has received board approval to acquire an 8.78 per cent equity stake in Clean Max for a total consideration of Rs 27 million. The transaction marks Cummins India’s entry into the renewable energy sector through a minority investment.

The board has formally cleared the acquisition, under which Cummins India will purchase the stake as part of its strategic investment plans. The approval covers the full transaction value and confirms the company’s intent to participate in Clean Max’s business.

According to the company, the investment aligns with broader industry shifts toward sustainable energy solutions. The move allows Cummins India to diversify its portfolio while continuing to focus on its core engineering and manufacturing operations.

The featured photograph is for representation only.