Hero MotoCorp to pump Rs 1,000 crore into Ather Energy, deepens lead stake
Hero MotoCorp will invest Rs 1,000 crore in EV two-wheeler maker Ather Energy via preferential allotment, cementing its position as largest shareholder at a 29.48% stake. The move strengthens Ather's capital base against an Rs 3,671.76 crore FY26 turnover backdrop and signals intensifying competition in India's EV two-wheeler distribution.
Hero MotoCorp to invest Rs 1,000 crore in EV two-wheeler maker Ather Energy via preferential allotment, deepening its stake as largest shareholder. Relevant to India mobility retail and EV distribution surface.