CNH Industrial to increase sourcing from India worth over $300
OIL & GAS

CNH Industrial to increase sourcing from India worth over $300

The world’s fourth-largest tractor manufacturer, Case New Holland (CNH) Industrial, aims to triple the sourcing of parts and components from India, worth over $300 million in the next three years.

CNH Industrial (India) told the media that as part of its China plus strategy, the Italian-American company has clear visibility of tripling its sourcing from India to worth over $300 million by 2024 and could be increased to half a billion dollars in three to five years.

Managing Director CNH Industrial (India), Raunak Varma, said that over the last two years, India has proven to be a reliable source by delivering over 100% efficiency, despite disruptions due to the Covid-19 pandemic. It is compelling the headquarters to shift towards it for sourcing products from engines and engine parts to forgings and other critical components.

He added that the company is looking at how to source more from India and that it will be a hedge against the large sourcing from China.

Image Source

Also read: CASE will be showcasing its entire gamut of products

The world’s fourth-largest tractor manufacturer, Case New Holland (CNH) Industrial, aims to triple the sourcing of parts and components from India, worth over $300 million in the next three years. CNH Industrial (India) told the media that as part of its China plus strategy, the Italian-American company has clear visibility of tripling its sourcing from India to worth over $300 million by 2024 and could be increased to half a billion dollars in three to five years. Managing Director CNH Industrial (India), Raunak Varma, said that over the last two years, India has proven to be a reliable source by delivering over 100% efficiency, despite disruptions due to the Covid-19 pandemic. It is compelling the headquarters to shift towards it for sourcing products from engines and engine parts to forgings and other critical components. He added that the company is looking at how to source more from India and that it will be a hedge against the large sourcing from China. Image Source Also read: CASE will be showcasing its entire gamut of products

Related Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back