Hero MotoCorp to Invest $184 Million in Ather Energy Stake Hike
· Automobile · Business Standard, Economic Times
Hero MotoCorp will purchase additional shares in electric two-wheeler maker Ather Energy for around $184 million, deepening its bet on India's EV market. The transaction will increase Hero MotoCorp's existing stake in Ather, though the company did not disclose the precise post-deal shareholding. Ather Energy, which listed on the stock exchanges last year, has been scaling up its product portfolio and retail network amid rising competition in the electric scooter segment. Hero MotoCorp already holds a significant minority position in Ather and has been represented on the company's board since 2016. The fresh capital infusion comes as the broader Indian two-wheeler EV market sees intensifying rivalry from Ola Electric, TVS Motor, and Bajaj Auto.
Why it matters
The additional capital strengthens Ather's ability to expand manufacturing, product development, and dealer reach at a time when Ola Electric, TVS, and Bajaj are aggressively pricing electric scooters. For Hero MotoCorp, the deeper exposure hedges its traditional petrol two-wheeler business as India's EV transition accelerates.
Read the original report — Business Standard
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