Hero MotoCorp Invests Over Rs 3,200 Crore in Andhra Pradesh for New Global Parts Centre in Tirupati
Hero MotoCorp Ltd., a major global manufacturer of two-wheelers, has committed an investment exceeding Rs 3,200 crores in Andhra Pradesh. The commitment includes the foundation stone laying ceremony for its second Global Parts Centre (GPC) in Tirupati, which is earmarked with an initial investment of over Rs 750 crores.This landmark investment aims to position Tirupati as a globally competitive manufacturing and electric mobility hub, reinforcing Hero MotoCorp's global supply chain and strengthening India's presence in the automotive and EV ecosystem.
The new Global Parts Centre will function as a strategic nerve center for Hero MotoCorp’s domestic and international spare parts operations. Furthermore, 100% of the company's electric vehicle portfolio is designed, engineered, and manufactured at the Tirupati plant. With this expansion, the facility's annual production capacity is expected to aggressively scale to 1.2-1.5 million units, solidifying Tirupati's status as a premier manufacturing hub for future mobility in India.
The company anticipates that this expansion will generate around 4,000 employment opportunities, contributing significantly to the industrial economy of Rayalaseema and aligning with state development visions.
Corporate Vision and Impact
Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, stated that the new Global Parts Centre reflects deep confidence in India's future and Andhra Pradesh’s growth vision. He noted that transforming Tirupati into a future-ready manufacturing and electric mobility hub will enhance their global supply chain and reaffirm the commitment to "Made in India, for India and the World."Shri N. Chandrababu Naidu, Chief Minister of Andhra Pradesh, highlighted Hero MotoCorp's role as a valued partner in the state's progress. He emphasized that the investment strengthens Rayalaseema, noting that Hero MotoCorp’s presence has generated thousands of jobs and enhanced local supply chains across Andhra Pradesh.
Community Empowerment and Talent Development
In line with its commitment to sustainable growth, Hero MotoCorp launched two key community initiatives in collaboration with the Government of Andhra Pradesh: a scholarship program and a police safety deployment.The 'Dr. Brijmohan Lall Munjal Heroes of Tomorrow Scholarship' is designed to 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.
Further reinforcing community welfare in Tirupati district, Hero MotoCorp will deploy VIDA electric scooters and conduct specialized road safety training for women police personnel, promoting empowerment through sustainable mobility.
Operational Overview
The investment roadmap involves both operational expansion and social impact programs:| Focus Area | Investment / Impact Detail |
|---|---|
| Cumulative Investment (Andhra Pradesh) | Over Rs 3,200 crores |
| Global Parts Centre Investment (Tirupati) | Over Rs 750 crores |
| New Manufacturing Capacity | 1.2-1.5 million units annually |
| Job Creation Opportunity | Around 4,000 employment opportunities |
HEROMOTOCO Stock Price Movement
Today, Hero MotoCorp Limited shares climbed, closing at ₹4834.9 after gaining 0.7% in the market session. The stock traded a total of 820,162 shares, reflecting a daily change of ₹33.70.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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