We write with reference to our earlier intimation dated February 5, 2026, wherein we had informed about the decision of the Board of Directors to make an additional investment of Rs. 275 crore (in one or more tranches, through a combination of primary infusion and / or secondary purchase) in Euler Motors, an associate company of Hero MotoCorp Limited ( the Company ). In this regard, we wish to inform you that the Company has completed the acquisition of 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares in Euler Motors, for an aggregate consideration of Rs. 210 crore. Post this acquisition, the Company holds 36.67% shares (on a fully diluted basis).
HEROMOTOCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hero MotoCorp has completed the first tranche of its previously announced Rs. 275 crore investment in Euler Motors, an electric vehicle company where it holds an associate stake. The company acquired 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares for Rs. 210 crore. This acquisition brings Hero MotoCorp's total holding in Euler Motors to 36.67% on a fully diluted basis. The remaining Rs. 65 crore of the planned investment may be deployed in subsequent tranches. This investment reinforces Hero MotoCorp's commitment to the electric vehicle segment through its existing associate.
This is a positive development showing Hero MotoCorp's continued focus on EV diversification through its associate Euler Motors. Shareholders can expect further capital outflow of up to Rs. 65 crore in future tranches, with potential dilution of stake upon conversion of preference shares.