Allison Transmission Expanding State-of-the-Art Manufacturing Facility in India to Meet Increasing Global Demand
200,000 square-foot expansion expected to be completed in 2025, operational in 2026 and ramping to full manufacturing capacity in 2027
The expansion will increase production capacity for Allison's on-highway fully automatic transmission portfolio, enhancing global operational flexibility and capability. Allison continues to invest in its business in order to achieve its growth ambitions and deliver its brand promise to Improve the Way the World Works.
For more information about
About
Forward-Looking Statements
This press release contains forward-looking statements. The words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Although forward-looking statements reflect management's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements speak only as of the date the statements are made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; increases in cost, disruption of supply or shortage of labor, freight, raw materials, energy or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of geopolitical risks, wars and pandemics; global economic volatility; general economic and industry conditions, including the risk of recession; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside
View original content to download multimedia:https://www.prnewswire.com/news-releases/allison-transmission-expanding-state-of-the-art-manufacturing-facility-in-india-to-meet-increasing-global-demand-302285626.html
SOURCE
Branden Harbin, Executive Director, Global Marketing and External Communications, Branden.Harbin@allisontransmission.com, (317) 242-2769; Jackie Bolles, Executive Director, Treasury and Investor Relations, jacalyn.bolles@allisontransmission.com, (317) 242-7073