Hero MotoCorp backs ₹3,200 cr roadmap with new Tirupati parts hub, EV and premium push
Hero MotoCorp is building a second Global Parts Centre in Tirupati with over ₹750 crore investment, part of a broader ₹3,200 crore roadmap. Chairman Pawan Munjal reaffirmed commitment to electrification and alternative fuels while scaling EV tie-ups, premium mobility and accessories revenue across 52 countries.
What happened
Hero MotoCorp is building a second Global Parts Centre in Tirupati with over ₹750 crore investment, part of a ₹3,200 crore roadmap, while expanding EV and
Key facts
- ₹750 crore GPC investment
- ₹3,200 crore investment roadmap
- 52 countries
- 0.5 million to 1.2-1.5 million units capacity
- 30% Harley revenue from parts/accessories
Why this matters
Accelerating EV tie-ups, alternative-fuel investments and accessories monetization opens partnership and M&A windows in electrification and premium mobility while the parts-hub buildout deepens the aftermarket footprint.
What to watch
- Tirupati GPC groundbreaking and commissioning timeline
- Quarterly EV volume and premium (125cc+) mix disclosures
- Parts/accessories revenue as % of total and margin trend
- Competitor (TVS, Bajaj, Ola) EV capacity announcements
- Capex phasing vs free cash flow and ROCE guidance
- Announce EV model launches and specific partner names tied to the roadmap
- Expand dealer and service network in South India around Tirupati logistics footprint
- Push accessories and genuine-parts attach rates to monetize new GPC capacity
- Signal export volume targets to justify 1.2-1.5M unit parts capacity