Ather share price up 7% after Hero MotoCorp increases stake
Existing shareholder Hero MotoCorp said it will invest Rs 1,758 crore to acquire additional shares in Ather Energy.
Ather Energy's stock price surged by more than 7% on Friday following Hero MotoCorp's announcement to boost its stake in the company. As of Friday, the electric two-wheeler maker's shares were trading at Rs 1603.10, up from Thursday's closing price of Rs 1495.30. Hero MotoCorp disclosed on Thursday that it planned to invest up to Rs 1,758 crore to acquire additional shares from an existing shareholder, which would increase its ownership to 32.8%.
Ather Energy, a prominent EV manufacturer alongside Ola Electric and Simple Energy, made its debut on Indian stock markets on May 6, 2025. In the first quarter of FY27, the company reported a 71% reduction in net losses, decreasing to Rs 51 crore from Rs 178 crore a year earlier. Ather Energy's total income for the quarter reached Rs 1,260 crore, an 87.2% year-on-year increase, driven by non-vehicle revenue sources such as software subscriptions, charging services, accessories, spares, and services.
During the quarter, the company delivered 83,173 units, marking an 80.5% year-on-year increase. Ather attributed its strong performance to growing demand fueled by policy support and shifting customer sentiment, as supply remained unable to keep up with demand. "We continue to see strong demand across our portfolio as structural tailwinds from both policy support and shifting customer sentiment translate into a massive upsurge for our products," stated Ather Energy's Co-founder and CEO, Tarun Mehta.
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