JCB to open fourth India factory at $100m cost
JCB will build a fourth Indian factory at a cost of $100 million
JCB has announced that it will spend $100m (£62m) building a new production facility in India.
The plant will be built on a 28-hectare site in Jaipur, Rajasthan, and will complement its three existing factories in the country - one near New Delhi and the other two in Pune.
Speaking at the signing of the land purchase agreement, JCB India’s managing director Vipin Sondhi said: “This is a new chapter in the JCB India growth story. After a decade of continued investment by JCB in Ballabgarh and Pune, I’m thrilled that Jaipur will become home to the company’s next world-class manufacturing facility.
"Our strategy for sustainable long-term growth is all about ensuring our dealers and customers get the best product range and customer service in the industry. Jaipur will be central to delivering on that ambition.”
JCB began production in India in 1979 with its factory in Ballabgarh, which produces backhoes, and is said to be the largest backhoe loader factory in the world.
JCB also recently opened a $100m factory in Sorocaba City in São Paulo State, Brazil.