Hero to Raise Ather Energy Stake to Nearly 33%
What Happened
Hero MotoCorp has approved an additional investment of ₹1,758 crore in electric scooter maker Ather Energy, purchasing shares from an existing shareholder. The deal will increase Hero's stake in Ather from 29.88% to around 32.8% on a fully diluted basis and is expected to be completed by September 3, 2026.
Key Takeaways
The investment strengthens Hero MotoCorp's position as Ather's largest shareholder and underscores its long-term commitment to India's fast-growing electric two-wheeler market.