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.
