Valvoline Cummins: A Successful Indian JV [Apr 2012]
By admin April 10, 2012 6:22 am
Valvoline Cummins Limited (VCL) is a 50:50 joint venture set-up in 1998 between the U.S. based engine oil manufacturer and the diesel engine maker Cummins India Ltd. The joint venture company, VCL, had introduced products across the spectrum that ranges from commercial vehicles to two wheelers and passenger cars. Today, the company has a market share of close to 8 per cent and is targeting more than 10 per cent in the next 2 years.
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