The fresh investment will raise Hero MotoCorp’s commitment to Ather Energy as it deepens its presence in India’s fast-growing electric two-wheeler market.
Hero MotoCorp has approved an investment of $116 million (about ₹1000 crore) in electric two-wheeler maker Ather Energy through a preferential allotment, further strengthening its long-standing partnership with the Bengaluru-based company.
According to The Economic Times, the investment will be made through the subscription of equity shares and other eligible securities, including compulsorily convertible preference shares and warrants, subject to regulatory approvals and approvals from Ather’s board and shareholders.
Hero MotoCorp currently owns a 29.48 per cent stake in Ather Energy on a fully diluted basis as of June 30, 2026. The company’s final shareholding after the transaction will depend on the pricing of the preferential issue and any subsequent securities issued by Ather.
Ather Energy designs, manufactures and sells electric two-wheelers, while also operating charging infrastructure and battery energy management services. The company reported revenue of $425 million (about ₹3672 crore) for the financial year ended March 31, 2026.
Hero MotoCorp said the entire investment will be made in cash and is expected to be completed within 15 days of Ather receiving the final required approvals.
The company also clarified that although Ather is its associate company, the transaction will be carried out on an arm’s-length basis.
“The investment is subject to necessary approvals, including those from Ather’s board and shareholders,” the company said.
