Hero MotoCorp to invest additional Rs 275 crore in Euler Motors
HEROMOTOCO · price
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Board approved an additional investment of up to Rs 275 crore in Euler Motors, an existing associate company that makes electric three and four-wheeler vehicles. Hero MotoCorp currently holds a 34.1 percent stake which would rise to about 36 percent after the investment, through a combination of primary infusion and secondary purchase. Euler reported turnover of Rs 191 crore in FY25. Deal to be completed by April 30, 2026.
Strengthens Hero MotoCorps position in the electric commercial vehicle segment through its associate Euler Motors.