Company’s popular fully automatic transmission, designed for commercial vehicles with gross weights up to 15,000 kg (33,000 lbs), is being produced at state-of-the-art manufacturing facility
CHENNAI, India – Allison Transmission, the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses, announced its Chennai, India manufacturing facility is now producing the Allison 1000 and 2000 Series transmissions.
Over 1 million of these highly-reliable and durable transmissions have been manufactured at Allison’s Indianapolis, Indiana campus since 1999. Co-production capabilities of the 1000 and 2000 Series transmissions at the Chennai plant and in Indianapolis help Allison expand its global footprint, as well as its presence in India.
“Our growth outside North America will be facilitated by our established relationships with OEMs worldwide and operations such as our Chennai multi-purpose facility,” said Lawrence E. Dewey, Chairman, President and CEO of Allison Transmission. “Markets outside North America represent a growth opportunity for Allison where we are strengthening our presence, and we believe opportunities for increased market share exist.”
Allison Transmission’s multi-purpose Chennai operation has been manufacturing high-quality precision vehicular drive train components for nearly two years and has served as a transmission Customization Center for almost a year. Allison Customization Centers around the world configure transmissions to a specific OEM’s requirements prior to delivery, which reduces their assembly costs and shortens vehicle build times.
Over a two-year period, the Chennai facility earned the right to produce the Allison 1000 and 2000 Series transmissions by demonstrating the ability to meet Allison’s global best-in-class manufacturing practices. During this timeframe, the Chennai plant was also awarded two of India’s most prestigious Golden Peacock National Awards (GPNA); the first in 2011 for Occupational Health and Safety and the second GPNA in 2012 for Total Quality in the Automotive Sector.
Allison Transmission is one of the most recognized brands in the industry as a result of performance, reliability, quality and fuel efficiency. It is estimated that globally, in 2011, Allison Transmission sold 62 percent of all fully automatic transmissions in the end markets it serves.
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.