Mumbai, Aug. 31 -- After three decades, India's second-largest tractor maker is building capacity again. Tractors and Farm Equipment Ltd will set up its fifth plant in a north Indian state, its first greenfield in 29 years, as it doubles down on exports after a breakout year, with revenue up 25% to Rs.16,000 crore.

"We will be setting up a north India facility with about 60,000 tractors capacity, with the location still being decided," said Mallika Srinivasan, chairperson and managing director of TAFE.

The mother and daughter are not just looking at Indian farmers. "We're confident of growing internationally, and that's why we're putting in capacity. Capacity is now going to come up fast, because it's giving us very good confidence in t...