M&M to set up a new tractor plant, scouting for land in Punjab, elsewhere.

Mahindra & Mahindra, the country’s largest tractor maker, is scouting for land in Punjab, and some other states to set up a new manufacturing facility to meet future demand as its existing plants are operating over 100% capacity.

“We are actively looking at an additional factory and for this we may need a land parcel of about 50 acres,” Hemant Sikka, president of farm equipment division at M&M, told ET.

ET