Hero MotoCorp Limited — JV/Acquisition, 27-08-2026: Acquisition

Hero MotoCorp is stepping up its commitment to the electric vehicle space by acquiring additional shares in its associate company, Ather Energy Limited. This strategic move, valued at up to Rs. 1,758 crore, will increase Hero's stake from 29.88% to approximately 32.8% on a fully diluted basis. Ather specializes in electric two-wheelers, charging infrastructure, and power management, making it a key player in the growing EV market. This increased investment underscores Hero's focus on future mobility solutions and enhancing its product portfolio, leveraging Ather's impressive turnover of Rs. 3,671.76 crore last fiscal year.