Hero MotoCorp has approved an investment of up to Rs. 1,758 cr. to acquire additional shares of electric two-wheeler manufacturer Ather Energy. The transaction will increase Hero MotoCorp’s holding in Ather to around 32.8%.
The move strengthens Hero MotoCorp’s exposure to India’s rapidly expanding electric two-wheeler market. Ather has been increasing its presence through new products, charging infrastructure and expansion into additional markets.
For Hero MotoCorp, the investment also provides a stronger position in the EV segment while allowing it to participate in Ather’s future growth without building the entire EV business independently.
