Deere & Company to construct new factory and expand existing factory in India

Deere & Company has announced that it is increasing its capacity to build agricultural tractors in India. Deere said the action will better position the company to pursue the considerable growth projected for the Indian tractor market.

Deere will invest approximately $100 million to build a new factory and also to expand its current tractor facility in Pune. The new factory will build small agricultural tractors sold in India and for export to other countries. A location for the new factory has not yet been determined.

The announcement follows other investments Deere has made in India, including breaking ground in September 2010 to build a factory for grain harvesting equipment and inaugurating a John Deere Water facility in early 2010.

Deere also opened a technology and engineering center in Pune in 2005 and is involved in a joint venture with Ashok-Leyland — a technology leader in India's commercial vehicle industry — to build construction machinery.