Hero MotoCorp has commenced the construction of its new manufacturing facility in the state of Andhra Pradesh. This will be the eighth manufacturing facility of the company, which already has five world-class plants in India and one each in Colombia and Bangladesh. Spread over 600 acres in the Chittoor district of Andhra Pradesh, the facility will have an annual installed capacity of 1.8 million units, which will be achieved in three phases. The company will invest Rs. 1600 crore in setting up the manufacturing facility. The plant is expected to be operational before December 2019.
Pawan Munjal, Chairman, Managing Director & CEO, Hero MotoCorp, along with the Honorable Chief Minister of Andhra Pradesh Shri N. Chandrababu Naidu laid the foundation stone of the new facility in Sri City during a ceremony. The new facility will generate 2000 jobs at the Plant and is expected to generate an additional 10,000 employment opportunities, through the creation of a manufacturing eco-system of vendors and suppliers in the region. Given the strategic location of the plant, this can also act as a key hub for the Company to export its range of products from this facility to some of its key overseas markets. From efficient building envelope, to the Big Foot air handlers, to water and energy optimization - the new plant will demonstrate Hero’s environmental aspirations.
"I am personally very glad that Hero MotoCorp – the world’s largest two-wheeler company - is setting-up a manufacturing facility in our state – the Company’s first such manufacturing unit in southern India. People of our state are going to benefit immensely from this venture, as Hero will bring world-class manufacturing practices, new modern technology and global systems and processes in Andhra Pradesh," said Shri N. Chandrababu Naidu, Honorable Chief Minister of Andhra Pradesh. The combined installed production capacity of the Company is currently 9.2 million units per annum, which is highest in the country. With the additional capacity of this plant, Hero MotoCorp’s combined annual production capacity will reach 11 million units.