Announced Tue, 14 Jul · 20:05 IST
Hero MotoCorp invests up to Rs 1,000 crore more in Ather Energy
HEROMOTOCO · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹4872.20
prior close
₹4914.90
base price
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AI summary
Hero MotoCorp will invest up to Rs 1,000 crore more in Ather Energy, its existing associate, via preferential allotment of equity or convertible securities. Hero holds 29.48 percent (fully diluted) in Ather as of June 30, 2026. Ather, listed on BSE and NSE, makes electric two-wheelers with FY26 turnover of Rs 3,671.76 crore, up from Rs 2,255 crore in FY25. Transaction is at arm's length. Final shareholding depends on issue pricing.
Likely market impact
Reinforces Hero's EV bet through Ather. Signals confidence in electric two-wheeler growth. Cash outflow capped at about Rs 1,000 crore.