Two-wheeler manufacturer, 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 Hero MotoCorp, which already has five world-class plants in India and one each in Colombia and Bangladesh. The company will invest Rs. 1600 crore in setting up the manufacturing facility. The plant is expected to be operational before December 2019.
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.
Commenting on the development, Pawan Munjal Chairman, Managing Director and CEO, Hero MotoCorp, said, “In addition to building a state-of-the-art facility, we are committed to creating a world-class manufacturing eco-system in the region, with a base of globally benchmarked vendors and suppliers, which will together generate over 12,000 new jobs, thereby accelerating the socio-economic progress in the state."