Company's announcement to increase engine and machinery production in India was made by Jim Owens, chairman and chief executive officer, Caterpillar during his visit to Caterpillar's India facilities.
In a release the company said it will invest significantly to increase production of off-highway trucks made at its facility near Chennai. These trucks are used for coal and other mining applications in India. The company is also planning to expand engine production at its facility in Hosur, adding production of the Caterpillar 3508 engine.
Caterpillar is also planning to invest in backhoe loaders production in India. The backhoe loader is used in construction machines. The company is also studying ways to increase its range of products made in India, with the possibility of building additional manufacturing facilities to meet demand for other earth-moving products.