Hero MotoCorp Limited — JV/Acquisition, 05-02-2026: Acquisition

Hero MotoCorp is boosting its EV presence with an additional investment of up to Rs. 275 crore in Euler Motors Private Limited. This move will increase HMCL's stake to approximately 36% (fully diluted), strengthening its position in the rapidly growing electric three and four-wheeler market. Euler, which recorded a turnover of Rs. 191 crore in FY25, designs and manufactures smart electric vehicles across 64 Indian cities. This investment diversifies Hero MotoCorp's portfolio and reinforces its commitment to sustainable mobility.