AP Emerging as Preferred Destination for Global Manufacturing: CM

Tirupati:Chief Minister N. Chandrababu Naidu has said Andhra Pradesh’s investor-friendly policies, faster clearances and robust infrastructure were attracting global manufacturing firms to set up their units in the state.

He was laying the foundation for Hero MotoCorp’s second Global Parts Centre (GPC 2.0) at Madanapalem in Satyavedu constituency along with Hero MotoCorp executive chairman Pawan Munjal. The new facility, to be built at a cost of over Rs 750 crore, is part of the company's proposed Rs 3,200-crore investment roadmap in the state.

The expansion is expected to generate around 4,000 jobs and strengthen Tirupati's position as a manufacturing, logistics and electric mobility hub.

Naidu said Hero MotoCorp’s expansion reflected investors’ confidence in the state’s industrial policies and governance. The state government had persuaded the company to set up its manufacturing facility and recalled laying the foundation stone for the Tirupati plant in 2018, which now produces vehicles, including Vida electric two-wheelers.

He urged the company to proceed with its proposed Rs 3,200-crore investment and promised full government support, necessary infrastructure and speedy approvals.

The CM asked Hero MotoCorp to complete the global parts centre quickly and develop its Sri City unit into the company's most prestigious manufacturing facility. Saying the future belongs to electric vehicles, Naidu urged Hero MotoCorp to scale up EV production in line with growing demand.

He said the state has drawn up plans to generate 160gw of green energy and has already signed agreements for projects with a capacity of 100gw.

The Chief Minister said the state government was committed to creating wealth while ensuring its benefits reached poorer sections. He welcomed Hero MotoCorp's participation in the state's P4 initiative as a mentor for poor families.

Through the Swarna Andhra Foundation, the company also launched the "Dr. Brij Mohan Lall Munjal Heroes of Tomorrow" scholarship programme, inaugurated by Naidu.

Noting that around 40 per cent of Hero MotoCorp's workforce comprised women, Naidu praised women in AP for their hard work and ability to learn quickly. He also thanked the company for offering electric two-wheelers to women police personnel in Tirupati.

Paying tribute to Hero MotoCorp founder Brijmohan Lall Munjal, he described him as a visionary industrialist who made a significant contribution to nation-building through entrepreneurship.

Pawan Munjal said Hero MotoCorp has always believed business growth and nation-building go together. The new global parts centre would serve as the strategic hub for the company's domestic and international spare parts operations while helping transform Tirupati into a future-ready manufacturing and electric mobility hub.

He said the company's entire electric vehicle portfolio is designed, engineered and manufactured at its Tirupati plant, and that the latest investment would increase the plant's annual production capacity to between 1.2 million and 1.5 million units.

Revenue minister Anagani Satya Prasad, district collector S. Venkateswar, Hero MotoCorp CEO Harshavardhan Chitle and others attended the programme.