Hero MotoCorp invests Rs 1,000 crore in Ather Energy

Hero MotoCorp Ltd has approved an additional investment of up to Rs 1,000 crore (₹10 billion) in electric two-wheeler maker Ather Energy through a preferential allotment of equity shares or convertible securities. The investment, approved by Hero's Committee of Directors on July 14, 2026, is subject to approvals from Ather's board and shareholders. Hero currently holds a 29.48% stake in Ather on a fully diluted basis as of June 30, 2026. The transaction is expected to be completed within 15 days of receiving final approvals. Ather Energy, founded in 2013, designs and manufactures electric scooters and operates charging infrastructure. Its revenue grew 62.8% to Rs 3,671.76 crore in FY2025-26, while net loss narrowed 36.3% to Rs 517.17 crore. Hero MotoCorp, India's largest two-wheeler manufacturer, is pursuing a twin-track EV strategy with its own VIDA brand and continued investment in Ather. The company has cash reserves exceeding Rs 14,000 crore and remains debt-free.