Hero Motors Limited (HML) has announced a joint venture with SchmiedeTechnik Plettenberg (STP), Germany, to produce forged powertrain components in India for global markets. The manufacturing facility is expected to begin production by mid-2026 at Hero Industrial Park in Ludhiana.
The facility will focus on near-net shape precision forging for automotive applications. STP, a German forging and metallurgy company, operates six facilities in Germany, manufacturing high-precision forged and machined components for the automotive and industrial sectors.
HML specializes in engineered powertrain solutions, alloys, and metallics, with R&D and manufacturing operations in India, the United Kingdom, and Thailand. The company is part of the HMC Group, which has an asset base of USD 1.2 billion and a workforce of over 7,500 employees worldwide.
According to a statement from the companies, the joint venture aims to integrate manufacturing expertise from both partners while supporting global supply chains for powertrain components.