Hero MotoCorp Limited — Updates, 20-03-2025: Press Release

The Board of Directors of Hero MotoCorp Ltd. has approved a strategic investment of up to Rs. 525 crore in Euler Motors Private Limited, aimed at entering the electric three-wheeler segment. This investment positions Hero MotoCorp to capitalize on the rapidly growing EV market, projected to account for 35% of total sales in the near future. Euler Motors, which operates in over 30 Indian cities, reported a turnover of Rs. 172 crore for the financial year ending March 31, 2024, showcasing significant growth from previous years. The investment underscores Hero MotoCorp's commitment to sustainability and innovation, strengthening its leadership in the evolving mobility landscape.

Additionally, the company plans to establish a new entity for Corporate Social Responsibility initiatives under Section 8 of the Companies Act, 2013. This move reaffirms Hero MotoCorp's dedication to responsible business practices, although detailed financial implications of this endeavor are not disclosed. Investors should consider the strategic implications of these developments, particularly the potential growth in the EV sector.