Hero Motors has partnered with Germany’s SchmiedeTechnik Plettenberg (STP) to establish a joint venture for manufacturing forged powertrain components in India for the global market.

The new facility will be set up at Hero Industrial Park in Ludhiana, Punjab, home to key automotive and EV manufacturing units like HMC HIVE, HYM, and Spur Technologies. STP Chairman and CEO Cornel Mueller highlighted the benefits of the collaboration, saying, “Partnering with HML strengthens our global footprint and enhances cost efficiencies. Beyond manufacturing in India, our goal is to foster cross-border knowledge exchange and integrate best practices between Germany and India.”

STP operates six facilities across Germany that produce high-precision forged and machined components for automotive and industrial applications. Hero Motors, a subsidiary of Hero Motors Company (HMC), has a diverse presence across automotive components, e-mobility, cycles, real estate, and premium retail. This joint venture is expected to improve cost efficiencies while expanding market reach and promoting technological collaboration between the two countries.