Hero MotoCorp to deploy Rs 1,500 crore capex in FY27, plans to double scooter capacity
Hero MotoCorp will spend Rs 1,500 crore in FY27 to double scooter production capacity, betting on rising demand for its Destini and Xoom models in India's two-wheeler retail market.
What happened
Hero MotoCorp plans Rs 1,500 crore capex in FY27 to double scooter production capacity, riding rising demand for Destini and Xoom models in India's two-wheeler
Key facts
- Rs 1,500 crore
- FY27
- double scooter capacity
Why this matters
Hero's scooter capacity build-out raises the stakes for component suppliers and EV scooter partnerships, and could pressure competitors to accelerate their own capacity or M&A responses.