Hero Motocorp to invest Rs 1,600 cr in new manufacturing plant
Hero has signed a preliminary agreement with the Andhra Pradesh state government to set up the plant, to be spread across 600 acres, which can produce upto 1.8 million vehicles annually
New Delhi: Hero MotoCorp Ltd , India's top maker of motorcycles and scooters, plans to invest Rs 1600 crore ($262 million) to set up a new manufacturing plant in southern India, a source directly involved in the matter said.
Hero has signed a preliminary agreement with the Andhra Pradesh state government to set up the plant, to be spread across 600 acres, which can produce upto 1.8 million vehicles annually, the source said.
Hero, which has three operational plants and one under construction across India, did not have an immediate comment.
The company also plans to set up a plant in the western state of Gujarat, where construction is expected to begin soon, the company's annual report showed.
Maharashtra alone accounts for 48.57 percent of the total active caseload of the country, the ministry said.
So-called endemic species — plants and animals found exclusively in a specific area — will be hit hardest in a warming world.
The plastic particles allow the formation of a slimy layer on their surface which allows bacteria and antibiotic waste to attach and mingle.