Hero MotoCorp Approves Up To Rs 1,000 Crore Investment in Ather Energy Limited
Hero MotoCorp Limited has approved a significant additional investment into its associate company, Ather Energy Limited. The move involves subscribing to equity shares or other eligible securities of Ather through a preferential allotment basis, with the investment potentially reaching up to Rs 1,000 crore.The approval by Hero MotoCorp's Committee of Directors (COD) relates to the subscription of Securities proposed by Ather Energy Limited as part of its capital raising efforts. This subscription is subject to necessary approvals from both the Board and Shareholders of Ather Energy Limited. The COD has also sanctioned all required documentation, including a binding expression of interest, related to this investment.
Ather Energy Limited is an existing associate company of Hero MotoCorp Limited and operates in the specialized field of electric mobility. The company focuses on designing, manufacturing, selling, and servicing electric two-wheelers. Ather’s operations also extend into charging infrastructure, encompassing storage, distribution, and management of electric power (including energy stored in batteries) and various ancillary services.
The transaction involves a cash consideration of up to Rs 1,000 crore in aggregate. This investment provides Hero MotoCorp with an opportunity to strengthen its association with the growing EV sector. As of June 30, 2026, Hero MotoCorp Limited held a 29.48 percent stake (on a fully diluted basis) in Ather's paid-up share capital.
The transaction is proposed to be completed within 15 days following the receipt of all necessary approvals by Ather Energy Limited.
Ather’s Business Profile and Financial Standing
Ather Energy Limited, which was incorporated on October 21, 2013, is listed on both the BSE and NSE and maintains a wide operational presence across India. Its core business includes designing, manufacturing, producing, selling, and servicing electric automobiles and charging infrastructure, alongside storage, distribution, and management systems for electric power.The company has demonstrated substantial growth in its turnover, reaching Rs 3,671.76 crore for the year ended March 31, 2026.
The financial performance of Ather Energy Limited over the past three years stands as follows:
| Financial Year End | Turnover (Rs) |
|---|---|
| March 31, 2024 | Rs 1,753.8 crore |
| March 31, 2025 | Rs 2,255 crore |
| March 31, 2026 | Rs 3,671.76 crore |
HEROMOTOCO Stock Price Movement
Hero MotoCorp Limited shares on Tuesday slipped by 1.51% to settle at ₹4878.30 after shedding ₹74.60. The stock traded a volume of 680,383 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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