Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has announced a substantial investment plan totaling over ₹3,200 crore in Andhra Pradesh. The capital will be deployed over the next three to five years to significantly expand the company's manufacturing, logistics, and electric mobility footprint within the state.
As part of this extensive plan, Hero MotoCorp will allocate more than ₹750 crore towards establishing its second Global Parts Centre (GPC) in Tirupati. This new facility is designed to cater to both domestic and international spare parts operations, bolstering the company's supply chain capabilities.
The investment will also facilitate a major expansion of Hero MotoCorp's existing manufacturing plant in Tirupati. Once the upgrade is complete, the facility's annual production capacity is projected to increase to between 1.2 million and 1.5 million units, solidifying its position as a strategic manufacturing hub for the company.
Hero MotoCorp highlighted the growing importance of its Tirupati facility in its future mobility strategy, noting that its complete electric vehicle (EV) portfolio is designed, engineered, and manufactured at this plant.
This ambitious expansion project is expected to generate approximately 4,000 new employment opportunities, aligning with Andhra Pradesh's vision to become a leading manufacturing and mobility hub. Andhra Pradesh Chief Minister N. Chandrababu Naidu, speaking at the foundation stone laying ceremony for the new GPC, stated that Hero MotoCorp's fresh investment underscores the increasing investor confidence in the state's business-friendly environment. He added that the project would accelerate industrial development in the Rayalaseema region and boost economic growth.
Pawan Munjal, Executive Chairman of Hero MotoCorp, emphasized the company's commitment to national development. “At Hero MotoCorp, we have always believed that business growth and nation-building go hand in hand,” Munjal said. “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.'”