Caterpillar, an earthmover machinery
maker, is planning to invest $200 million in the next four years to increase its
manufacturing facility in India. The new investment comes as part of its
strategic plan to increase its manufacturing footprint in the Asia-Pacific
region.
Of the planned investment, the company
will invest to increase production of off-highway trucks made at its facility
near Chennai and will expand engine production at its facility in Hosur, adding
production of the Caterpillar 3508 engine.
Caterpillar is also planning to invest
in backhoe loaders production in India.