Hero MotoCorp has detailed the tax deduction at source (TDS) provisions for the final dividend of ₹75 per equity share for the financial year ended March 31, 2026. The company informed shareholders on June 30, 2026, that tax will be deducted under the Income-tax Act, 2025, with rates varying based on residency status and documentation. The record date for dividend eligibility is July 24, 2026, and the payout is subject to approval at the 43rd Annual General Meeting scheduled for August 05, 2026.

For resident individual shareholders, TDS will be deducted at 10% if a valid Permanent Account Number (PAN) is provided. No tax will be deducted if the total dividend income during the Tax Year 2026-27 does not exceed ₹10,000, provided a valid declaration in Form 121 is submitted. In the absence of a valid PAN or if PAN is not linked with Aadhaar, tax will be deducted at a higher rate of 20%. Resident non-individual shareholders, such as insurance companies and mutual funds, may qualify for a nil rate upon submitting specific self-declarations and exemption notifications.

Non-resident shareholders, including Foreign Portfolio Investors (FPIs), will be subject to TDS as per the rates in force or specific provisions of the Act, such as 20% plus surcharge and cess for FPIs and FIIs. To avail of benefits under Double Taxation Avoidance Agreements (DTAA), non-resident shareholders must submit a valid Tax Residency Certificate (TRC), a self-attested PAN copy, and a self-declaration. Shareholders residing in notified jurisdictional areas will face a TDS rate of 30% or the applicable rate, whichever is higher.

Shareholders are required to upload necessary documents, including Form 121 and self-declarations, with the Registrar and Share Transfer Agent, KFin Technologies Limited, via the specified portal not later than July 18, 2026. Failure to submit these details by the deadline may result in tax deduction at a higher rate. The company reserves the right to recover any demand raised by the Income Tax Department due to incorrect information provided by shareholders.

The company reiterated that all dividend payments will be made only through electronic mode, following amendments to Listing Regulations effective from November 19, 2025. Shareholders must ensure their bank account details, email IDs, and mobile numbers are updated with their depository participants or the RTA to facilitate electronic credit. Failure to update KYC details will result in the withholding of the dividend until the process is completed. The TDS certificate will be emailed to the registered email ID on or before the due date prescribed under the Act.

Key Dividend and Compliance Details

Hero MotoCorp announced a cumulative investment of over ₹3,200 crore in Andhra Pradesh, marked by the foundation stone laying for its second Global Parts Centre in Tirupati. The facility represents a direct investment of over ₹750 crore and aims to transform Tirupati into a manufacturing and electric mobility hub. This expansion is expected to scale the plant's annual production capacity to 1.2–1.5 million units, reinforcing the company's global supply chain and India's position in the EV ecosystem.

The investment roadmap includes creating around 4,000 employment opportunities, aligning with the national vision of Viksit Bharat 2047 and the Government of Andhra Pradesh's SwarnAndhra vision. The Global Parts Centre will serve as a strategic nerve centre for domestic and international spare parts operations. Currently, 100% of the company's electric vehicle portfolio is designed, engineered, and manufactured at the Tirupati plant.

Key Investment Details

The following table summarizes the key parameters of Hero MotoCorp's investment commitment in Andhra Pradesh:

Strategic Initiatives and Community Impact

Hero MotoCorp partnered with the Government of Andhra Pradesh to launch two community initiatives. The "Dr. Brijmohan Lall Munjal Heroes of Tomorrow Scholarship" program will provide full tuition coverage for meritorious students pursuing engineering degrees at state IITs across 28 districts. Additionally, the company will deploy VIDA electric scooters and provide specialized road safety training to women police personnel in the Tirupati district.

Leadership Commentary

Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp, stated that the investment reflects deep confidence in India's future and Andhra Pradesh's growth vision. He emphasized that the centre would enhance the global supply chain and support expansion across markets. The milestone was marked on the 103rd birth anniversary of the company's Founder and Chairman Emeritus, Dr. Brijmohan Lall Munjal.

Shri N. Chandrababu Naidu, Hon'ble Chief Minister, Andhra Pradesh, highlighted that Hero MotoCorp's presence has generated jobs and strengthened local supply chains. He noted that the partnership would establish Tirupati as a leading manufacturing, mobility, and logistics hub.

Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, with a global footprint spanning 52 countries. The company operates eight manufacturing facilities, including six in India and one each in Colombia and Bangladesh.