Hero Motors Joins Germany’s STP To Make Powertrain Parts In India
New Delhi: Hero Motors Limited (HML) on Tuesday announced a strategic joint venture (JV) with SchmiedeTechnik Plettenberg (STP), Germany, to manufacture forged powertrain components in India for global markets.
The manufacturing facility — likely to commence production by mid-2026 — is set to be established at Hero Industrial Park in Ludhiana, home to other key automotive and EV manufacturing units such as HMC HIVE, HYM, and Spur Technologies.
With a presence in international markets, this JV aims to bridge the gap in near-net shape precision forging, strengthening India’s position as a key player in advanced manufacturing, the companies said in a statement.
“With our strong R&D and manufacturing capabilities, this partnership with STP will enable us to capture a significant share of the global powertrain components market,” said Pankaj M Munjal, Chairman, HMC Group.
STP is a renowned German forging and metallurgy specialist with six facilities across Germany, producing high-precision forged and machined components for automotive and industrial applications.
Cornel Mueller, Chairman and CEO, STP, said that beyond manufacturing in India, “our goal is to foster cross-border knowledge exchange and integrate best practices between Germany and India.”
