Hero to invest Rs 3k cr in new Andhra unit – Feedback

Hero MotoCorp is setting up a factory in Andhra Pradesh. It plans to invest Rs 3,000 crore, for annual capacity of 1.8 million units. Chief Minister Chandrababu Naidu will be unveiling the foundation stone next month.

Hero has three manufacturing facilities, at Gurgaon and Dharuhera in Haryana and Haridwar in Uttarakhand. The two-wheeler major is also setting up two more facilities, at Neemrana in Rajasthan and Halol in Gujarat. For the new facility, the state government has allocated around 600 acres at Tada in Chittoor district, close to Chennai — the latter is one of the largest automotive manufacturing hubs in the country. Last September, the company signed an MoU with the Andhra Pradesh government to allot 600 in Chittoor district to the company. The facility will be close to SriCity, an industrial township.

http://www.business-standard.com/article/companies/hero-to-invest-rs-3k-cr-in-new-andhra-unit-116042500541_1.html

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