Caterpillar, Inc. (CAT: Quote) on Thursday announced a four-year, $200 million investment to increase manufacturing capacity in India. The company said that it would invest to significantly increase production for off highway trucks made at its facility near Chennai, India.
In addition, Caterpillar plans to expand engine production at its facility in Hosur, adding production of the Caterpillar 3508 engine. The company said that it is also investing in increased India production capability for backhoe loaders.
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by RTT Staff Writer
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