Hero Motors Ltd announced on Tuesday that it has formed a joint venture with SchmiedeTechnik Plettenberg (STP) of Germany to manufacture forged powertrain components in India for global markets. The new facility for the joint venture will be located at Hero Industrial Park in Ludhiana, a hub for automotive and EV manufacturing, which is already home to units such as HMC HIVE, HYM, and Spur Technologies.
Hero Motors Ltd, a part of Hero Motors Company (HMC), emphasized its strong research and development, as well as manufacturing capabilities, which will drive the success of this partnership. HMC Group Chairman, Pankaj M Munjal, expressed that the collaboration would help capture a significant share of the global powertrain components market.
Cornel Mueller, Chairman and CEO of STP, highlighted that the partnership would not only strengthen their global presence but also improve cost efficiency. Beyond production in India, both companies aim to encourage knowledge exchange and adopt best practices between Germany and India.
SchmiedeTechnik Plettenberg (STP) is a leading German company specializing in high-quality forging and precision manufacturing services. With a rich history and decades of expertise, STP focuses on providing innovative solutions for industries such as automotive, aerospace, energy, and mechanical engineering.
The company is known for its advanced forging processes, which include the production of custom-made components that meet the highest standards of durability, performance, and precision. STP’s commitment to cutting-edge technology, research, and development enables it to offer tailored solutions for its clients, supporting them in achieving operational efficiency and excellence. With a strong focus on sustainability and quality, SchmiedeTechnik Plettenberg has solidified its reputation as a trusted partner in the global manufacturing landscape.
Hero Motors is a prominent player in the global automotive industry, primarily known for its strong presence in the motorcycle and scooter segments. As part of the Hero Group, the company has earned a reputation for producing high-quality, fuel-efficient, and durable vehicles that cater to a wide range of customers.
With a legacy of over three decades, Hero Motors has expanded its footprint globally, delivering innovative products that combine cutting-edge technology with stylish designs. The company’s commitment to sustainability and innovation is evident in its growing focus on electric mobility and future-ready solutions, contributing to its mission of shaping the future of transportation while maintaining a strong emphasis on customer satisfaction and environmental responsibility.
