# Hero Motors and STP form joint venture for forged powertrain components in India

Hero Motors Limited announced a joint venture with Germany's SchmiedeTechnik Plettenberg to manufacture forged powertrain components in India for global markets, with production expected to start by mid-2026.

- Type: Acquisition
- Announced: 2025-03-18
- Where: Ludhiana, Hero Industrial Park, India
- Status: announced
- Products: forged powertrain components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hero Motors](https://endata.com/companies/23878.md)
- [Schmiedetechnik Plettenberg](https://endata.com/companies/41098.md) (partner)

## Sources

- [latestly.com](https://www.latestly.com/auto/hero-motors-limited-announces-joint-venture-with-germanys-stp-to-manufacture-forged-powertrain-components-in-india-for-global-markets-6717163.html), 2025-03-18: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.