{
  "id": 3987089,
  "title": "Hero MotoCorp Buys Additional 3% Stake In Ather For ₹1,758 Cr",
  "url": "https://urgent.news/2026/08/28/hero-motocorp-buys-additional-3-stake-in-ather-for-1-758-cr",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T14:41:25.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/hero-motocorp-buys-additional-3-stake-in-ather-for-%e2%82%b91758-cr/"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nAther'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).",
  "summary": "Over a month after Hero MotoCorp’s board approved an investment in Ather Energy, the auto giant has now bought 1.18…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}