India's Mahindra to Build Backhoe Loaders

February 7, 2011

Mahindra & Mahindra Ltd., India’s biggest maker of sport-utility vehicles and tractors, will begin selling construction equipment as the nation boosts investments in infrastructure to help sustain economic growth.

Mahindra spent 3 billion rupees ($66 million) to develop a backhoe loader that will go on sale from next month, Pawan Goenka, president of automotive division, said in Mumbai today. The company will build 200 of the equipment a month at its Chakan, western India factory, he said.

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--Bloomberg

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