Hero MotoCorp announces Rs. 3200 plus crore investment in Andhra Pradesh

Reinforcing its commitment to sustainable growth and community empowerment, Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, today reached a pivotal milestone in its nation-building mission with the Foundation Stone Laying Ceremony for its second Global Parts Centre (GPC) in Tirupati, Andhra Pradesh. This landmark facility, representing a significant investment of over Rs 750 crores, serves as the foundation of an expansive Rs 3,200 crore plus investment roadmap. The investment is aimed at transforming Tirupati into a world-class manufacturing and electric mobility hub, while strengthening Hero MotoCorp's global supply chain and reinforcing India's position in the automotive and EV ecosystem.

Shri N. Chandrababu Naidu, Hon'ble Chief Minister, Andhra Pradesh, said, "Hero MotoCorp has been a valued partner in Andhra Pradesh's growth journey, and particularly in the transformation of Rayalaseema. Its decision to establish the Global Parts Centre in Tirupati is a strong endorsement of our state's progressive policies, world-class infrastructure, investorfriendly ecosystem, and our commitment to the Speed of Doing Business. Over the years, Hero MotoCorp's presence has generated thousands of jobs, strengthened local supply chains, enhanced skills, and accelerated economic growth across Rayalaseema and Andhra Pradesh. We are delighted to see this partnership grow even stronger.

This landmark investment will create new opportunities for our youth, strengthen the industrial economy of Rayalaseema, and further establish Tirupati as one of India's leading manufacturing, mobility and logistics hubs. As Rayalaseema emerges as a major centre for industry, innovation and advanced manufacturing, partnerships like these will play a defining role in shaping its future. We deeply appreciate Hero MotoCorp's continued trust in Andhra Pradesh and look forward to working together to build a future-ready, globally competitive industrial ecosystem that drives innovation, creates quality employment, and delivers sustainable prosperity for all."

Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp said, "At Hero MotoCorp, we have always believed that business growth and nation-building go hand in hand. The foundation stone of our second Global Parts Centre in Tirupati marks an important milestone in our journey and reflects our deep confidence in India's future and Andhra Pradesh's vision for growth. By transforming Tirupati into a future-ready manufacturing and electric mobility hub, this investment will enhance our global supply chain, support our expansion across markets, and reaffirm our commitment to 'Made in India, for India and the World.'

It is deeply meaningful to mark this milestone on the birth anniversary of my father, our Founder and Chairman Emeritus, Dr. Brijmohan Lall Munjal. He believed in building enduring institutions and always preparing for the future. It is deeply meaningful to mark this milestone on the 103rd birth anniversary of my beloved father, our Founder and Chairman Emeritus, Dr. Brijmohan Lall Munjal. A true visionary, he championed the belief that great institutions are not just built to survive the present but are actively sculpted to lead the future. This Centre is a humble tribute to his vision, values and enduring belief in India's potential. I am certain that this new Centre will proudly carry forward his legacy of enterprise, purpose and service to the nation."

Building for India, Supplying to the World

The upcoming Global Parts Centre will serve as a strategic nerve centre for Hero MotoCorp's domestic and international spare parts operations. 100% of our electric vehicle portfolio is entirely designed, engineered and manufactured in the Tirupati plant. With this investment, the plant's annual production capacity is expected to scale aggressively to 1.2-1.5 million units, further strengthening Tirupati's position as one of India's premier manufacturing hubs for future mobility.

Creation of Job opportunities

The expansion is expected to generate around 4,000 employment opportunities. This job creation aligns with both the national vision of Viksit Bharat 2047 and the Government of Andhra Pradesh's SwarnAndhra vision. Beyond employment, this Global Parts Centre will act as an economic catalyst to deliver sustained benefits in the region.

Empowering Communities

Continuing its efforts to sustainable growth, Hero MotoCorp launched two transformative community initiatives in partnership with the Government of Andhra Pradesh. The "Dr. Brijmohan Lall Munjal Heroes of Tomorrow Scholarship" program will empower technical education students across 28 districts. This initiative will provide full tuition coverage for meritorious students pursuing engineering degrees at state IIITs, fostering the next generation of tech leaders. Furthermore, reinforcing its commitment to local community welfare, the company will deploy VIDA electric scooters and provide specialized road safety training to women police personnel across the Tirupati district, fostering empowerment through sustainable mobility.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 4835.40 as compared to the previous close of Rs. 4796.05. The total number of shares traded during the day was 28761 in over 5646 trades.

The stock hit an intraday high of Rs. 4893.85 and intraday low of 4777.00. The net turnover during the day was Rs. 139197771.00.

Source : Equity Bulls

Keywords

HeroMotoCorp INE158A01026 2Wheelers Investment GPC Tirupati AndhraPradesh