Hero MotoCorp Invests ₹3200 Cr in Andhra Pradesh, Builds Global Parts Centre
Hero MotoCorp announced a significant investment roadmap of over ₹3,200 crores in Andhra Pradesh, with a substantial portion of over ₹750 crores dedicated to establishing its second Global Parts Centre (GPC) in Tirupati. This initiative aims to transform Tirupati into a manufacturing and electric mobility hub, bolstering the company's global supply chain and India's automotive and EV ecosystem. The investment is expected to create approximately 4,000 employment opportunities. The new GPC will manage domestic and international spare parts operations, supporting the expansion of the Tirupati plant's annual production capacity to 1.2–1.5 million units. The company also partnered with the Government of Andhra Pradesh for a merit-based scholarship program and is deploying VIDA electric scooters for women police personnel.
Key Highlights
- Hero MotoCorp commits over ₹3,200 Cr investment in Andhra Pradesh.
- A new Global Parts Centre in Tirupati will receive over ₹750 Cr investment.
- Investment aims to boost manufacturing, EV hub, and global supply chain.
- Project expected to create around 4,000 new employment opportunities.
- Partnership includes scholarships and EV deployment for women police.
Price Impact
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