Hero MotoCorp to invest ₹3,200 cr in Andhra Pradesh
after close1 source ↓written by the desknot a recommendation
- in Andhra Pradesh
- ₹3,200 cr
- to enhance operations
- 3-5 years
- investment
- ₹750 cr
- in the state
- ₹1,600 cr
Hero MotoCorp plans to invest ₹3,200 cr in Andhra Pradesh over the next 3-5 years to enhance operations. This includes a ₹750 cr investment in a new global parts centre at Tirupati, aimed at boosting production capacity and expanding its accessories business. This move follows an earlier investment of ₹1,600 cr in the state.
This expansion is significant for traders as it indicates Hero MotoCorp's commitment to growth in the region, potentially impacting its market position and supply chain efficiency.
Not investment advice. For informational purposes only.