India's Mahindra to expand China tractor unit

Newswire

MUMBAI, Dec 21 (Reuters) - India's Mahindra & Mahindra said on Monday its tractor-making venture with China's Yueda Group was investing $18 million to set up a research and development centre and a plant for making engines. The Indian utility vehicles and tractor maker had bought a majority stake in Yancheg Tractors last year, with a commitment to invest about $40 million. (Reporting by Janaki Krishnan; Editing by John Mair)

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