Hero MotoCorp Invests Up to ₹1,000 Cr in Ather Energy
Hero MotoCorp Ltd. announced that its Committee of Directors (COD) has approved an additional investment of up to ₹1,000 crore in its associate company, Ather Energy Limited. The investment will be made through the subscription of equity shares or other eligible securities on a preferential allotment basis. Ather Energy is engaged in the design, manufacturing, selling, and servicing of electric two-wheelers, along with its charging infrastructure and energy management services. For the year ended March 31, 2026, Ather Energy reported a turnover of ₹3671.76 crore. This transaction is considered a related party transaction as Ather is an associate company, but it is proposed to be conducted on an arm's length basis. Hero MotoCorp expects to complete the investment within 15 days of receiving necessary approvals from Ather Energy.
Key Highlights
- Hero MotoCorp to invest up to ₹1,000 crore in Ather Energy.
- Investment via subscription of equity shares or convertible securities.
- Ather Energy is an associate company in the electric two-wheeler sector.
- Transaction is on an arm's length basis, subject to approvals.
- Ather Energy's FY26 turnover was ₹3671.76 crore.
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