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Hero MotoCorp Limited is likely to finalise plans to set up a plant in Andhra Pradesh.
The State Cabinet, which met here today under Chief Minister N.Chandrababu Naidu has decided to allocate 600 acres in Chittoor district of the State located near the Sri City project to facilitate the setting up of a new greenfiled plant of the two-wheeler major.
A memorandum of understanding is likely to be inked on Tuesday.
Hero MotoCorp has three manufacturing plants under operation and the fourth one is likely to be commissioned soon and the fifth one is being developed in Gujarat. This plant when commissioned will be its first in south India.
Correction
This copy has been modified to correct name of company to Hero MotoCorp, from Hero Motors.
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