new delhi hero motocorp stepped up research and development spending by nearly six times in fiscal 2015 becoming the top spender on rd among the nations twowheeler makers four years after commencing its solo journey the new delhi based maker of bikes spent rs 723 crore on rd in the fiscal year ended on march 31 2015 compared with rs 127 crore in the previous fiscal year its latest annual report showed most of this has been capital expenditure as the company is building an integrated rd centre in jaipur under the rd function it reported capital expenditure of rs 5979 crore including rs 5755 crore towards capital workinprogress that an analyst said was a onetime expense the remaining rs 125 crore was charged on the revenue account the combined spending of rs 723 crore was nearly 3 of hero motocorps net revenue of rs 27585 crore compared with about 05 in fiscal 2014 the company spent rs 723 crore on rd in fy2015 compared with rs 127 crore in the previous fiscal most of this has been capital expenditure as the company is building an integrated rd centre in jaipur pune based bajaj auto spent 171 of its net revenue in 201415 on rd up from 14 in 201314 while at tvs motor the spending increased to about 2 from 165 honda motorcycle scooter india the countrys second largest twowheeler manufacturer behind hero motocorp doesnt disclose its financial results as the company isnt listed on indias bourses hero has been investing heavily in scaling up its research and development capabilities since separating from erstwhile partner honda motor an analyst tracking the two wheeler industry told et asking not to be named heros spends under the capital work in progress however is a onetime investment as the company is in the process of building its integrated rd centre in jaipur the company started focusing on rd since ending its association with joint venture partner and technology supplier honda motor in 2011 by chanchal pal chauhan et bureau published on aug 18 2015 at 0631 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app bajaj auto tvs motor research and development company expansion bajaj auto limited honda motorcycle and scooter india company growth honda motorcycle and scooter india private limited tvs motor company limited homenewshero motocorp rd spends rise sixfold to rs 723 cr in fiscal 2015