New Holland rolls out 1 lc new tractors, to set up spare parts depot

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New Delhi, Jul 21 (UNI) Announcing the roll out of one lakh new tractors, New Holland India, a majority-owned subsidiary of Fiat group, today said it plans to set up a spare parts depot, which will be operational by the next year.

''We will set up a spare parts depot which will make spare parts easily available to the customers. The depot will start operating from January 1, 2009,'' company CEO Franco Fusignani told reporters here.

In the next three years, New Holland plans to double its revenue to Rs 5,700 crore from Rs 2,400 crore, with investment between 30-60 million dollars.

It also plans to increase its product offerings from 12 to 30 by 2011.

The company, with a network of 400 dealers across India, exports tractors to more than 50 countries in Asia, West Asia, Latin America, North America, Australia and Africa.

UNI AK SG ND1344

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