Deere to invest $100M to expand India capacity

By Reuters
Posted Jan. 19 at 7:26 a.m.

U.S. farm equipment maker Deere & Co will spend $100 million to expand its capacity to produce tractors for the Indian market and for export, building a new factory and expanding an existing one.

The new factory, whose location is not yet decided, will make small tractors for both India and for export markets. Deere will expand a current tractor facility in Pune.

Deere said Wednesday that its India-made tractors are sold in 70 countries.

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