Hero MotoCorp has completed the acquisition of a 26% equity stake in Clean Max Karakoram Private Limited for ₹26,000. This investment supports Hero MotoCorp’s solar power wheeling project for its manufacturing plants in Dharuhera and Gurugram. The agreement, finalized on October 30, 2025, aims to enhance the company’s captive power generation capacity and promote sustainable manufacturing practices.
Investment in Renewable Energy
Hero MotoCorp has finalized an agreement to acquire a significant equity stake in Clean Max Karakoram Private Limited, a special-purpose vehicle focused on renewable energy solutions. This move is aligned with the company’s commitment to environmental sustainability and aims to reduce its carbon footprint through investments in captive power generation.
Details of the Acquisition
As of October 30, 2025, Hero MotoCorp has officially acquired a 26% equity stake in Clean Max Karakoram Private Limited. The initial investment for this acquisition is ₹26,000. The remaining amount will be invested as per the terms outlined in the Share Subscription and Shareholders Agreement.
Strategic Rationale
This acquisition is integral to Hero MotoCorp’s solar power wheeling project, which aims to supply renewable energy to its manufacturing facilities in Dharuhera and Gurugram. By utilizing captive solar power, Hero MotoCorp seeks to lower energy costs and promote environmentally responsible manufacturing processes.
Source: BSE
