Hero MotoCorp to invest Rs 600 crore for new parts centre in Andhra Pradesh
The capacity addition will be done in the financial year 2025-26.
In a bid to expand its parts, accessories and merchandise business, Hero MotoCorp will invest up to Rs 600 crore over two years to set up a Global Parts Centre in Tirupati, Andhra Pradesh. The company’s focus on the Parts Accessories and Merchandise (PAM) business has led to the business crossing annualised revenue of Rs 5,000 crore. To support growth in this business, the company has planned for an expansion of its capacity with an outlay of Rs 600 crore. The new parts centre will have a storage capacity of up to 36,700 SKUs.
Currently, India’s largest two-wheeler maker has one Global Parts Center located in Neemrana, Rajasthan, with a storage capacity of up to 26,000 SKUs. The capacity of the Neemrana facility is fully utilised, the company said.
The additional capacity addition will be done in the financial year 2025-26, and the investment will be financed through internal accruals.
India's largest two-wheeler maker posted standalone net profit growth of 51% on year to Rs 1,073.38 crore, aided by a healthy operating performance during the quarter. Revenue from operations rose 21% to Rs 9,723.73 crore as volume grew on a low base in the year-ago quarter.
RELATED ARTICLES
2025 Yamaha R3 unveiled gets design upgrades and more features
The R3 gets a new design in line with the R series of bikes and an up-only quickshifter.
Save up to Rs 4.4 Lakh on the Mahindra XUV400 EV MY2023 production batch
The Mahindra XUV700, Scorpio Classic, Scorpio N, Bolero and XUV400 EV are also available with attractive offers this Diw...
Mitsubishi teases new 7-seater SUV concept
To be unveiled later this month, this new SUV seems to be based on the Creta-rivalling XForce that is sold in ASEAN mark...