Corrected: India's Hero MotoCorp to invest over $336 million in Andhra Pradesh
CORRECTED-India's Hero MotoCorp to invest over $336 million in Andhra Pradesh Corrects conversion figure to $336 million, not $374 million, in headline and text
July 1 (Reuters) - India's Hero MotoCorp HROM.NS said on Wednesday it will invest more than 32 billion rupees ($336 million) in the southern state of Andhra Pradesh, including over 7.5 billion rupees for a global parts centre, to expand its manufacturing, logistics and electric mobility footprint.
($1 = 95.2475 Indian rupees)
(Reporting by Nishit Navin and Chandini Monnappa in Bengaluru; Editing by Shailesh Kuber)
((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))
Recent news on Hero Motocorp
See all newsIndia's auto stocks index eyes 10th weekly loss in 11 on festive demand worries, elevated oil
Brief: India Auto Industry Body SIAM Says India's September Total Domestic Passenger Vehicle Sales 4,54,574 Units
India's Hero Motors rebounds after weak debut, valued at over $400 million (updated)
India's Hero Motors debuts lower after $104 million IPO
Brief: India Auto Industry Body SIAM Says India's Aug Total Domestic Passenger Vehicle Sales 4,39,309 Units