1 week ago
CNH Industrial Plans ₹2,000 Crore India Tractor Expansion
CNH Industrial makes tractors in India under the New Holland brand.
It plans to build another factory near its existing factory in Greater Noida.
The company says the new factory could help it make twice as many tractors by 2030.
It has already received 100 acres of land for the project.
The factory investment is expected to cost about ₹1,000 crore.
CNH Industrial also plans to spend another ₹1,000 crore on designing products and research.
The company wants to increase its share of the Indian tractor market from about 5% to more than 10%.
It also hopes to become one of the four biggest tractor makers in India.
CNH Industrial plans to invest around ₹1,000 crore in a new tractor plant near Greater Noida.
The investment is intended to double India production capacity from 70,000 to 1.4 lakh tractors annually by 2030.
The company will spend an additional ₹1,000 crore on product development and research and development over five years.
CNH Industrial aims to raise its Indian market share from about 5% to more than 10% within four to five years.
The company sold about 48,000 tractors domestically and exported 10,600 tractors in 2025.
- Who
- CNH Industrial, led in India by President and Managing Director Narinder Mittal.
- What
- The company plans to invest about ₹2,000 crore in a new tractor plant, product development, and research and development in India.
- Where
- The planned greenfield plant will be near CNH Industrial’s existing facility in Greater Noida, India.
- When
- The plans target 2030, with product-development spending scheduled over the next five years; the report was published on August 25, 2026.
- Why
- CNH Industrial wants to double production capacity, expand its market share, introduce new products, and strengthen exports.
Key facts
- Planned plant investment
- Around ₹1,000 crore
- Additional product and R&D investment
- Around ₹1,000 crore over five years
- Current annual capacity
- 70,000 tractors
- Target annual capacity by 2030
- Around 1.4 lakh tractors
- Current Indian market share
- About 5% by volume
- Target Indian market share
- More than 10% within four to five years
- Land allocated
- 100 acres near the existing Greater Noida plant
- 2025 sales
- About 48,000 domestic tractors and 10,600 exports
Quotes
Narinder Mittal
President and Managing Director of CNH Industrial India
“Currently, we have a tractor-production capacity of 70,000 per annum in India. We are planning to increase it to around 1.4 lakh by 2030. We will be setting up a greenfield plant, which will be close to our existing plant in Greater Noida. For this, 100 acres of land has already been allotted to the company, which is planning to invest around ₹1,000 crore for the upcoming plant.”
thehindubusinessline.com
“We aim to be in double digits in four to five years. In India, currently, we are No. 6. With the increase in market share, we should be among the top four tractor makers in the country.”
thehindubusinessline.com
Sources
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