CNH Industrial to invest Rs 2,000cr in India by 2030, double tractor mfg capacity

Kolkata: The Indian arm of CNH Industrial - the USD 18 billion global agriculture and construction equipment major - will invest around Rs 2,000 crore in India by 2030, including setting up a tractor plant near Greater Noida in Uttar Pradesh, a top company official said on Tuesday.

CNH Industrial India President and MD Narinder Mittal said the country is a focus market for the conglomerate, and it has firmed up spending Rs 1,000 crore on the new plant at Yamuna Expressway, close to its existing Greater Noida facility, to double tractor manufacturing capacity from 70,000 units to 1.4 lakh units.

An additional Rs 1,000 crore will go towards R&D and product development for both domestic and export markets, he said.


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The company has been allotted 100 acres of land by the Yamuna Expressway Authority for the greenfield project, as its existing Greater Noida plant faces land constraints preventing further expansion, Mittal said.

The first phase of the new plant, adding 20,000 tractors, is expected to be operational by mid-2028, with the capacity expansion to 1.4 lakh units to be completed by 2030, he said.

CNH Industrial has a global turnover of around USD 18 billion, with 40 manufacturing plants and 49 R&D centres worldwide.

It sells tractors in India under the New Holland brand and construction equipment under the CASE brand. However, for exports, CASE-branded tractors are shipped to several markets, including Bangladesh, Sri Lanka and Nepal.

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The company currently has three manufacturing plants in India - Greater Noida for tractors and engines, Pune for sugarcane harvesters and balers, and Pithampur for construction equipment - along with four R&D centres, including a global capability centre in Gurgaon employing over 500 engineers.

India, which was carved out of the Asia-Pacific region as CNH's fifth separate global region around two years ago, registered a revenue of Rs 8,600 crore in the calendar year 2025, of which Rs 6,200 crore came from the agriculture business and Rs 2,400 crore from construction equipment, Mittal said.

The company's India tractor sales volume grew 42 per cent in the first half of calendar year 2026, the highest growth among all brands in the country. This took its market share to about 5 per cent, up from 4.3 per cent in 2025, he said.

Mittal said the company aims to double its market share to double digits and break into the top four tractor makers in India within four to five years, from its current sixth position. Market leader Mahindra holds about 40 per cent share.

The India tractor industry, estimated at about 11 lakh units annually, grew 25 per cent in the first half of 2026 on the back of GST-related benefit, subsidies and a good previous monsoon, but growth is expected to moderate to around 10 per cent in the second half of the current calender year, amid an erratic monsoon this year, he said.

Mittal said the company also plans to expand its dealer network in India to about 900 by 2028, from 600 currently, with particular focus on eastern India, which remains under-penetrated.