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Thread: Hero MotoCorp to invest Rs 3,000 cr new facility in AP

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    Thumbs up Hero MotoCorp to invest Rs 3,000 cr new facility in AP

    Hero MotoCorp to invest Rs 3,000 cr new facility in AP

    Hero MotoCorp is setting up a new manufacturing facility in Andhra Pradesh, in which it plans to invest Rs 3,000 crore.The plant will have a of capacity of 1.8 million units. Andhra Pradesh Chief Minister N Chandrababu Naidu will be laying foundation stone for the new facility next month.

    The automobile firm has three manufacturing facilities -- at Gurgaon and Dharuhera in Haryana and Haridwar in Uttarakhand. The two-wheeler major is setting up two more facilities at Neemrana in Rajasthan and Halol in Gujarat.

    With these developments, the company has decided to start construction of the factory. While the company did not disclose any numbers till now. Last September, the AP government successfully wooed Hero MotoCorp and the facility will cater both domestic and export markets.

    Hero MotoCorp proposed to build its sixth facility with a capacity of 1.8 million units with an estimated investment of Rs 3,000 crore. The new facility will take Hero's overall annual capacity of 12 million units.

    Read more about this at the source link: Hero MotoCorp to invest Rs 3,000 cr new facility in AP | Business Standard News
    Last edited by Samarth 619; 04-26-2016 at 02:03 AM.
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