John Deere Makes Indian Joint Venture Official

July 13, 2009 10:24 AM
 
John Deere has completed the legal requirements to form a joint venture in India. The agreement, which was first announced in September 2008, is between Deere's Worldwide Construction & Forestry Division and Ashok Leyland Limited, the flagship of the Hinduja Group.
 
The venture will be named "Ashok Leyland John Deere Construction Equipment Company Private Limited" and will initially manufacture backhoes and four-wheel-drive loaders. The agreement will also allow for the marketing of backhoes, four-wheel-drive loaders and excavators to be sold in India and exported to other markets. The partnership includes plans for expansion with a full line of construction equipment in future years.
 
Ashok Leyland has a broad dealer network throughout India and is the second largest manufacturer of commercial vehicles in that country.


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