Hero MotoCorp Limited — JV/Acquisition, 28-08-2026: Acquisition

Hero MotoCorp has completed acquiring an additional 1.18 crore equity shares in Ather Energy for approximately Rs. 1,758 Cr. This strategic investment boosts Hero MotoCorp's stake in the EV firm to around 32.8% on a fully diluted basis. The move reinforces Hero MotoCorp's commitment to the rapidly expanding electric vehicle segment, enhancing its presence in a crucial growth market and signaling stronger integration with its associate, Ather. This acquisition is a key step in solidifying its future position in sustainable mobility.