Ather Energy shares rally 6% after Hero MotoCorp approves Rs 1,000 crore additional investment

Hero MotoCorp's Committee of Directors has approved subscribing to equity shares and convertible securities of Ather Energy via a preferential allotment, with a total cash commitment of up to Rs 1,000 crore. Hero MotoCorp currently holds a 29.48% stake in Ather Energy on a fully diluted basis, and the fresh infusion is seen as a strong vote of confidence in the company's growth. Ather Energy shares rallied 6% on the news, building on a 250% gain over the past one year, with turnover rising to Rs 3,671.76 crore in FY26 from Rs 1,753.8 crore in FY24.