Ashok Leyland and John Deere, the USA based construction equipment manufacturer, have a 50-50 joint venture that marks the Hinduja Group's foray into the high-potential construction equipment business. The first product from this combine – the 435 Backhoe Loader – is already in the Indian market and soon to follow will be a full range of
four-wheel loaders and excavators that will start rolling out from Leyland Deere's state-of-the-art manufacturing facility at Goomdipoondi, near Chennai.
Leyland-Deere has largely tapped the tier 1 and 2 retail customers at the grassroots who supply to large contractors. The vehicles come with a two-year warranty. The Company also promises to restore running repairs (barring engine overhaul) within half-a-day.
The front-wheel loader will be Leyland-Deere's next launch and the Company will take a call on other launches as the market progresses. Leyland-Deere aims to reach full plant capacity (8,800 units) by