MoneyWorks4Me

Hero MotoCorp gets nod to invest Rs 600 crore for setting up Global Parts Center 2.0

10 Feb 2024 Evaluate

Hero MotoCorp has received approval for investment of upto Rs 600 crore (approximate), over a period of two years, for setting up a Global Parts Center (GPC) 2.0 with a storage capacity of upto 36,700 Stock Keeping Units (SKUs), at Tirupati, Andhra Pradesh, in order to cater to the future growth in the Parts, Accessories and Merchandise business. The proposed capacity is expected to be added by FY27. The Board of Directors of the company at its meeting held on February 09, 2024, has considered and approved the same. 

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.


Peers
Company Name CMP
Bajaj Auto 11060.00
TVS Motor Company 4090.90
Hero MotoCorp 5375.50
Eicher Motors 7263.00
OLA Electric Mobilit 38.12
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