Hero MotoCorp pledges ₹1,500cr annual capex to reclaim scooter, premium, EV ground
CEO Chitale sees no demand slump and will double scooter capacity, triple EV output, and stand up a Tirupati parts hub. Roughly 12 domestic launches target a rebound from 28% share (FY26) versus 45% in FY12, with exports up 42% across 52 markets.
Hero MotoCorp CEO Chitale sees no demand slump, plans ₹1,500 crore annual capex to double scooter capacity, triple EV capacity, build Tirupati parts hub, and launch ~12 models domestically to recapture share lost in scooters, premium and EVs.