Mahindra Yueda joint venture invests in R&D center, engine facility

  • 11-Jan-2010 10:32 EST

Mahindra Yueda (Yancheng) Tractor Co. (MYYTCL), a joint venture of Mahindra & Mahindra Ltd. and Yueda Group, will establish an R&D center and manufacturing plant for engines, and it will make investments to modernize production facilities for tractors at the new MYYTCL plant site at Yancheng, China. Total investment is approximately US$40 million, with the engine R&D center and manufacturing plant accounting for US$18 million. The engine plant is expected to provide reliable, fuel-efficient engines for the China market. The modernization of the tractor plant will improve productivity and quality and consolidate the Yancheng manufacturing operations. “These measures, along with our efforts to build a better sales and service infrastructure, will help MYYTCL improve its tractor sales in China and in the export market,” said Anjanikumar Choudhari, President, Farm Equipment Sector, Mahindra & Mahindra Ltd.

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