Hero MotoCorp will invest up to ₹1,758 crore to buy additional shares in Ather Energy, raising its stake in the electric scooter maker to 32.8%.
India’s Hero MotoCorp
on Thursday said it would buy additional shares of
Ather Energy for up to ₹1,758 crore ($184.01
million), raising its stake in the electric scooter maker to
32.8%.
The shares will be purchased from an existing Ather
stakeholder, Hero said, without naming the seller.
Hero, the Bengaluru-based EV company’s biggest shareholder, held
a 29.88% stake as of August 25.
The announcement comes days after Ather allotted convertible
warrants to Hero worth ₹960 crore as part of a separate
preferential issue.
India is seeing intensifying competition in its fast-growing
electric two-wheeler market as established automakers and newer
EV companies vie for market share.
Earlier this month, Ather reported a sharply narrower
first-quarter loss helped by strong demand for its
family-focused Rizta scooters.
Published on August 28, 2026
