Key Announcements

Hero MotoCorp Limited announced a comprehensive investment roadmap and community initiatives in Andhra Pradesh through a press release enclosed with the regulatory filing.

Investment Details

  • Cumulative Investment: ₹3,200+ crore investment roadmap in Andhra Pradesh
  • Global Parts Centre Investment: Over ₹750 crore for second Global Parts Centre in Tirupati
  • Purpose: To transform Tirupati into a world-class manufacturing and electric mobility hub, strengthening global supply chain and India's position in automotive and EV ecosystem

Manufacturing Capacity Expansion

  • Current EV Production: 100% of electric vehicle portfolio designed, engineered and manufactured at Tirupati plant
  • Future Capacity: Plant's annual production capacity expected to scale aggressively to 1.2–1.5 million units

Employment Impact

  • Job Creation: Approximately 4,000 employment opportunities expected to be generated
  • Alignment: Supports national vision of Viksit Bharat 2047 and Government of Andhra Pradesh's SwarnAndhra vision

Community Initiatives

  • Scholarship Program: "Dr. Brijmohan Lall Munjal Heroes of Tomorrow Scholarship" program launched in partnership with Government of Andhra Pradesh
  • Provides full tuition coverage for meritorious students pursuing engineering degrees at state IIITs
  • Covers students across 28 districts
  • Community Safety Initiative: Deployment of VIDA electric scooters and specialized road safety training to women police personnel across Tirupati district

Ceremony Details

  • Event: Foundation Stone Laying Ceremony for second Global Parts Centre in Tirupati
  • Date: July 1, 2026 (coinciding with 103rd birth anniversary of Founder and Chairman Emeritus Dr. Brijmohan Lall Munjal)
  • Dignitaries Present: Shri N. Chandrababu Naidu, Hon'ble Chief Minister of Andhra Pradesh and Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp

Company Background

Hero MotoCorp is headquartered in New Delhi, India, and is the world's largest manufacturer of motorcycles and scooters for 25 consecutive years with approximately $5 billion revenue. The company operates eight manufacturing facilities (six in India, one in Colombia, one in Bangladesh) and two R&D centers (India and Germany).