Two-wheeler market leader Hero MotoCorp has earmarked Rs 1,500 crore capex for FY27 to double its scooter production capacity, according to its CEO Harshavardhan Chitale.
The company has also committed over Rs 700 crore of investment in building a global parts centre in South of India, he told analysts.
“We are investing in capacity expansion, and we have committed over Rs 1,500 crore of capex in FY27. And this capex is going to expand our capacity in scooters, where for some of our models that are doing very well, we are doubling our capacity,” Chitale said.
With the company doing “60,000-odd scooter volume run rate” monthly at present, when asked if doubling it could mean closer to 1 lakh, he said,”That’s our ambition.”
Elaborating on the scooter capacity expansion, Chitale said in the ICE (internal combustion engine) scooters, Hero MotoCorp has increased ‘Destini’ model capacity by 50 per cent already.
“We are in the process of doubling our Xoom capacity,” he added.
On EV, heTwo-wheeler market leader Hero MotoCorp has earmarked Rs 1,500 crore capex for FY27 to double its scooter production capacity, according to its CEO Harshavardhan Chitale.
The company has also committed over Rs 700 crore of investment in building a global parts centre in South of India, he told analysts.
“We are investing in capacity expansion, and we have committed over Rs 1,500 crore of capex in FY27. And this capex is going to expand our capacity in scooters, where for some of our models that are doing very well, we are doubling our capacity,” Chitale said.
With the company doing “60,000-odd scooter volume run rate” monthly at present, when asked if doubling it could mean closer to 1 lakh, he said,”That’s our ambition.”
Elaborating on the scooter capacity expansion, Chitale said in the ICE (internal combustion engine) scooters, Hero MotoCorp has increased ‘Destini’ model capacity by 50 per cent already.
“We are in the process of doubling our Xoom capacity,” he added.
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