Hero Motors Limited (HML) has announced a strategic joint venture (JV) with SchmiedeTechnik Plettenberg (STP), a German company, to produce forged powertrain components in India. The collaboration aims to manufacture high-quality automotive parts for global markets.
The announcement was made on Tuesday, highlighting India’s growing role in advanced automotive manufacturing. By partnering with STP, Hero Motors will leverage German expertise in forging technology while utilizing India’s cost-effective production capabilities.
The forged powertrain components manufactured under this JV will cater to both domestic and international automobile markets. This partnership is expected to strengthen India’s position as a key supplier in the global automotive industry.
The initiative aligns with India’s ‘Make in India’ vision, encouraging local production and exports. It also reflects Hero Motors’ commitment to expanding its presence in the global automotive components sector.
