Deere to increase tractor production in India

  • 18-Feb-2011 08:08 EST

Deere & Co. recently announced plans to increase its capacity to build agricultural tractors in India, better positioning itself to pursue the “considerable growth” projected for the Indian tractor market. The company will invest about $100 million to build a new factory and to expand its current tractor facility in Pune. The new factory will build small agricultural tractors to be sold in India and exported to other countries. A location for the new factory has not yet been determined. This announcement follows another investment Deere made in India, breaking ground in September 2010 to build a factory for grain harvesting equipment. Deere has had a technology and engineering center in Pune since 2005 and is involved in a joint venture with Ashok Leyland to build construction machinery.

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