Hero Motocorp to set up ₹1,600-cr. plant at Sri City

It will have a capacity to produce 1.8 million vehicles a year.

March 23, 2018 04:04 pm | Updated 04:04 pm IST

B.Line:Mr Pawan Munjal ,MD& CEO,Hero MotoCorp 
, in the capital on 06-03-2012,Pic Kamal Narang

B.Line:Mr Pawan Munjal ,MD& CEO,Hero MotoCorp , in the capital on 06-03-2012,Pic Kamal Narang

CHENNAI: Two-wheeler maker Hero Motocorp signalled its first manufacturing foray into South by setting up a ₹ 1,600-crore unit at Sri City near here.

The unit will come up in phases.

The first phase will go operational before December 2019, said Pawan Munjal, Chairman, Managing Director & CEO, Hero Motocorp.

Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation stone for the company's eighth manufacturing facility, and called it an "historical day" for Andhra Pradesh as Hero Motocorp was making its maiden foray into South to produce 1.8 million vehicles per annum.

"When fully operational, this facility will take up the total combined installed capacity to 11 million units of motorcycles and scooters per annum, which is in line with our vision of surpassing the landmark 10 million unit volumes by 2020," said Mr. Munjal.

The new unit with the help of vendors and suppliers would generate over 12,000 jobs.

Asserting that domestic market was going to be the main focus for Hero Motocorp, Mr. Munjal said that the company was looking at making the new facility an export hub to serve overseas markets.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.