Hero MotoCorp to boost Ather Energy stake with Rs 1,758 crore investment

Hero MotoCorp announced plans to increase its shareholding in Ather Energy, its existing associate company operating in the electric two-wheeler segment, through a fresh investment of Rs 1,758 crore. The transaction underscores the automotive manufacturer's strategic push to strengthen its footprint in India's rapidly expanding electric two-wheeler market.

The investment represents Hero MotoCorp's continued backing of Ather Energy as the company expands its product portfolio and manufacturing capabilities. As a leading player in India's motorcycle and scooter market, Hero MotoCorp has been gradually pivoting toward electric vehicles to align with the country's clean energy transition and evolving consumer preferences.

Ather Energy has emerged as one of India's prominent electric two-wheeler manufacturers, with a growing range of electric scooters catering to urban commuters. The company has been expanding its charging infrastructure and dealer network across key metropolitan areas, positioning itself as a significant competitor in the EV two-wheeler space.

The fresh capital injection is expected to support Ather Energy's operational expansion, research and development initiatives, and scaling of its manufacturing operations. The move reflects growing investor confidence in the electric two-wheeler segment, which has witnessed substantial growth as Indian consumers increasingly adopt electric vehicles for daily commuting.