Deere Forms Joint Venture With Indian Company

Deere & Co. said it has completed legal requirements to establish a farm equipment manufacturing joint venture in India. The agreement between the Moline, IL, company’s Worldwide Construction & Forestry Division and Ashok Leyland Limited, the flagship of the Hinduja Group, will be named Ashok Leyland John Deere Construction Equipment Company Private Ltd, Manufacturing.Net reports.

It will initially manufacture backhoes, loaders and other equipment to be sold in India and for export. The joint venture plans to eventually provide a full line of construction equipment. Ashok Leyland has a dealer network in India and is the second-largest manufacturer of commercial vehicles in the country, Deere said.