Cummins India will invest up to Rs 500 crore for expanding its existing capacity in the current financial year. According to Anant Talaulicar, Chairman and Managing Director, Cummins India, the capex for this fiscal is about Rs 400-500 crore which will be invested in the Phaltan production site and Pune laboratory. Earlier this year, the company launched three new plants at Phaltan in Maharashtra's Satara district. These plants consist of a unit producing engines for commercial vehicle power generation and industrial markets, an engine rebuilding centre and a facility for remaking engines and components. Talaulicar said, "We will set up a generator plant in Phaltan. It will have a capacity to produce 40,000 units per year and the plant will be operational within the next one year." The company will invest Rs 80-100 crore for setting up the plant, he added. Besides, the company wills double the production capacity of 6-litre and 7-litre engines from 60,000 units by April 2012. "Our plan is to have 90,000 units capacity by September this year. It will be further expanded to 1, 20,000 units by April next year," Talaulicar said. This expansion exercise is likely to incur an expenditure of about Rs 100 crore, he added. Cummins India is a part of the Cummins Group that operates in India through nine different entities. Talaulicar said the group recorded revenue of $ 2 billion in last financial year with a growth of 45 per cent. "This fiscal, the growth will be slowed down because of a very high base effect during 2010-11. The group is looking at 20 per cent growth in this fiscal."