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.
What happened
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
Key facts
- 28% market share FY26
- 45% FY12
- 7% scooter share
- 2% premium share
- <10% export share
- ₹1,500 crore capex
- 42% intl growth
- 77% growth
- 52 countries
Why this matters
Hero's pivot to premium and EV with 42% export growth across 52 markets signals appetite for technology tie-ups, EV platform partnerships, or bolt-on acquisitions in components and global distribution.