Hero MotoCorp Chittoor Plant to Have 5 Lakh Initial Capacity

Hero MotoCorp has submitted plans to begin production at its proposed plant in Chittoor district of Andhra Pradesh. Hero had signed an MoU with the Andhra Pradesh state government in September 2014 for setting up a two wheeler manufacturing facility at Madannapalem in Chittoor district.

The plant is expected to have a capacity of 5 lakh units per annum in the first phase, which is expected by December 2018, with an investment of Rs 800 crore. In the second phase, by December 2020, Hero MotoCorp will add another 5 lakh units to its production capacity. In the third phase, by December 2023, an additional 8 lakh units will be added with further investment of Rs 800 crore.

The Chittoor plant will provide employment to 1,500 people in the first phase and another 3,500 in the subsequent phases. The plant will also serve as an export hub for two wheelers to Hero's overseas markets. The plant is expected to be state-of-the-art, deploying robotics, cutting edge manufacturing technology and green building technology.

(Source: ETAuto)