India's Hero MotoCorp to invest over $336 million in Andhra Pradesh (updated)

Hero Motocorp

01/07/2026 15:08

 (Adds details throughout)
    July 1 (Reuters) - India's Hero MotoCorp  HROM.NS  said on
Wednesday it will invest more than 32 billion rupees ($336
million) in the southern state of Andhra Pradesh, including over
7.5 billion rupees for a global parts centre, to expand its
manufacturing, logistics and electric mobility footprint.
    The investment will increase the annual production capacity
at Hero's plant in Tirupati to 1.2–1.5 million units. All of the
company's electric vehicle portfolio is designed, engineered and
manufactured at the Tirupati plant.
    Andhra Pradesh has stepped up efforts to attract investment,
targeting $1 trillion in commitments by 2029. In recent months,
motorcycle maker Royal Enfield announced a 22 billion rupee
manufacturing plant in the state. 
    Reuters had reported that Andhra Pradesh was also seeking to
attract 500 billion rupees in investments in rare earth and
titanium projects over the next decade.
    Hero said the latest expansion is expected to generate
around 4,000 jobs. It added that the global parts centre will
serve as a hub for the company's domestic and international
spare parts operations, strengthening its global supply chain.


($1 = 95.2475 Indian rupees)

 (Reporting by Nishit Navin and Chandini Monnappa in Bengaluru;
Editing by Shailesh Kuber)
 ((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))