Hero MotoCorp to invest Rs 3,200 crore in Andhra Pradesh, adding EV capacity and 4,000 jobs
Hero MotoCorp commits Rs 3,200 crore to expand in Andhra Pradesh, including a Rs 750 crore second Global Parts Centre in Tirupati and scaling EV manufacturing capacity to 1.2-1.5 million units. The move follows 185% YoY EV sales growth, with 21,812 units in June.
Hero MotoCorp commits Rs 3,200 crore to expand in Andhra Pradesh, building a second Global Parts Centre in Tirupati and scaling EV manufacturing capacity to 1.2-1.5 million units, creating around 4,000 jobs.
Why this matters
The move builds on Hero MotoCorp's Rs 3,200 crore roadmap featuring a new Tirupati parts hub, EV scale-up and premium push, alongside plans to double Tirupati capacity on a commuter bike rebound.
Retail-company signals are accelerating, up 484,500% QoQ.