CNH EXPAND PARTNERSHIP

CNH Industrial has announced its intention to expand its longstanding partnership with LS Tractor - the agricultural tractor division of the OEM LS Mtron.

The Memorandum of Understanding and the technical cooperation agreement signed aim at expanding the current cooperation with LS Tractor and delivering an extended product offering to capture greater market share and enhance CNH’s positioning in the compact tractor segment.

This expanded agreement sets forth the financial and industrial terms and conditions to localise the production of select compact tractor models at the CNH manufacturing site in Greater Noida, India and the LS Tractor manufacturing site in South Korea. CNH say this will leverage their manufacturing capabilities and LS Tractor’s components and engineering to increase CNH’s speed to market.

CNH expects that this extended product offering in compact tractors built at their Greater Noida plant will enable them to cater to a broader market.

LS Tractor is the existing commercial distributor for CNH’s New Holland Agriculture brand in South Korea and has a long history of collaboration with their  brands stretching back over four decades.