Two-wheeler major Hero MotoCorp on Friday commenced the construction of its new manufacturing facility in Chittoor district of Andhra Pradesh, an official said.
"The company will invest Rs 1,600 crore in setting up the manufacturing facility," Hero MotoCorp said in a statement here, adding that the plant was expected to become operational before December.
The statement further said the facility would have an annual installed capacity of 1.8 million units, which would be achieved in three phases.
"When fully operational, this facility will take up our total combined installed capacity to 11 million units of motorcycles and scooters per annum," said Pawan Munjal, Chairman, Hero MotoCorp.
This will be the eighth manufacturing facility of Hero MotoCorp, which has five plants in India and one each in Colombia and Bangladesh.
--IANS
rrb/nir/mr
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
