Hero MotoCorp Buys Additional 3% Stake In Ather For ₹1,758 Cr
Over a month after Hero MotoCorp’s board approved an investment in Ather Energy, the auto giant has now bought 1.18…
Hero MotoCorp, the Indian automotive giant, has recently bolstered its stake in electric two-wheeler maker Ather Energy by acquiring an additional 1.18 crore shares, worth ₹1,758 crore. The company's board had previously approved an investment of ₹1,000 crore in the EV maker. This fresh investment brings Hero MotoCorp's total stake in Ather to around 32.8%, up from 29.48% prior to the deal. As of June 2026, Hero MotoCorp owned a 29.48% stake in the EV major.
The additional investment comes as Ather seeks to bolster its financial reserves amidst fierce competition in India's electric two-wheeler market. In June, the company announced plans to raise up to ₹2,500 crore for expansion, research, development, new products, and manufacturing capacity. Subsequently, Ather raised about ₹1,300 crore through a qualified institutional placement (QIP) in July and approved another ₹1,200 crore via a preferential issue in the same month.
Ather's market performance has been robust, with operating revenue surging 89% year-over-year to ₹1,216.9 crore in Q1 FY27, despite a 71% reduction in consolidated net loss to ₹51.1 crore. The company's shares have surged more than 34.3% in the past month and are up over 114.1% year-to-date. Ather's market capitalization stands at ₹63,592.30 crore (approximately $6.6 billion).
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