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Auto components maker Carraro India, the local arm of the Italian firm, is looking to make deeper inroads into the Indian market by offering new technologies such as a portal axle that helps boost the performance of a four-wheel drive tractor.
On Friday, the Pune-based company announced plans to invest Euro 20 million over the next four years to upgrade its operations, which accounts for 17 per cent of its global business. It exports a third of total production to Europe and South America. The move will help the company to tide over the slowdown, said Alberto Negri, chief executive,
