Hero MotoCorp Limited has announced that its Committee of Directors has approved the purchase of additional equity shares in Ather Energy Limited, an associate company. The investment, amounting to approximately ₹1,758 crore, aims to increase Hero MotoCorp’s shareholding in Ather. This strategic move is expected to strengthen the partnership and support Ather’s growth in the electric vehicle segment.
Hero MotoCorp Boosts Stake in Ather Energy
Hero MotoCorp Limited announced today, August 27, 2026, that its Committee of Directors has given its approval for the acquisition of additional equity shares in Ather Energy Limited. Ather Energy is an existing associate company of Hero MotoCorp and operates in the electric two-wheeler sector.
Strategic Investment Details
The total cost for this acquisition of shares is approximately ₹1,758 crore. This investment is being made in the form of purchase of additional shares from an existing shareholder of Ather. Following this transaction, Hero MotoCorp Limited’s shareholding in Ather is expected to increase to up to 29.88% (on a fully diluted basis) of the share capital of Ather.
Ather Energy’s Business and Future Outlook
Ather Energy is primarily engaged in the design, manufacturing, selling, and servicing of electric two-wheelers. The company also possesses its own charging infrastructure and is involved in the storage, distribution, and management of electric power and related ancillary services. For the year ended March 31, 2026, Ather reported a turnover of ₹3,671.76 crore. This acquisition is a step towards strengthening Hero MotoCorp’s position in the burgeoning electric mobility market.
Transaction Timeline
The indicative time period for the completion of this acquisition is by September 3, 2026. The company has confirmed that this transaction does not fall within the purview of related party transactions, and no promoter or promoter group companies of Hero MotoCorp Limited have any interest in this specific acquisition.
Source: BSE
