“With our strong R&D and manufacturing capabilities, this partnership with STP (SchmiedeTechnik Plettenberg) will enable us to capture a significant share of the global powertrain components market,” HMC Group Chairman, Pankaj M Munjal said.
STP Chairman and CEO, Cornel Mueller said,”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 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.
Hero Motors has interests in automotive components, e-mobility, cycles, real estate, and premium retail.
