Auto components maker Carraro relies on new tech to drive India business

Auto components maker Carraro India, the local arm of the Italian firm, is looking to make deeper inroads into the Indian market by offering new technologies such as a portal axle that helps boost the performance of a four-wheel drive tractor.

On Friday, the Pune-based company announced plans to invest Euro 20 million over the next four years to upgrade its operations, which accounts for 17 per cent of its global business. It exports a third of total production to Europe and South America. The move will help the company to tide over the slowdown, said Alberto Negri, chief executive,