Mahindra to Build and Sell Backhoes in India

Mahindra & Mahindra Ltd., India’s biggest maker of sport-utility vehicles and tractors, will begin selling construction equipment as the nation boosts investments in infrastructure to help sustain economic growth. Mahindra spent 3 billion rupees ($66 million) to develop a backhoe loader that will go on sale next month. The company will build 200 machines per month at its Chakan, western India factory, according to Pawan Goenka, president of Mahindra's automotive division. (More at . . . )