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Leyland, John Deere complete JV formalities

CHENNAI: Ashok Leyland and John Deere Construction & Forestry Company have completed all legal formalities for the formation of the 50:50 joint venture company, Ashok Leyland John Deere Construction Equipment Private Ltd. The venture will initially manufacture backhoes and wheel loaders and will market backhoes, wheel loaders and excavators in India and abroad. The range will subsequently be expanded to include a full line of construction equipment, according to a release.

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