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 Cr shares of the EV maker for ₹1,758 Cr.

“We would like to inform you that the company has completed the purchase of 1,18,80,000 equity shares in Ather, for a total consideration of ₹1,758 Cr,” Hero MotoCorp said in a filing with the exchanges.

This comes a month after Hero MotoCorp announced that it would invest an additional ₹1,000 Cr (about $103 Mn) in the electric two-wheeler maker.

Post the deal, Hero MotoCorp’s total stake in Ather will increase to about 32.8%. As of June 2026, the auto giant owned a 29.48% stake in the EV major.

The fresh investment comes as Ather looks to shore up its war chest amid intensifying competition in India’s electric two-wheeler market. 

In June this year, the EV maker announced plans to raise up to ₹2,500 Cr for expansion, research and development, new products and manufacturing capacity. 

Right after this, the electric two-wheeler maker raised about ₹1,300 Cr through a qualified institutional placement (QIP) in July. In the same month, Ather’s board also approved a proposal to raise an additional ₹1,200 Cr via a preferential issue.

The development comes as Ather continues to see strong escooter volume growth and a rise in contribution from high-margin non-vehicle revenue streams such as software subscriptions, charging services, accessories, spare parts and after-sales services. 

As a result, Ather Energy managed to narrow its consolidated net loss by 71% to ₹51.1 Cr in Q1 FY27 from ₹178.2 Cr a year earlier. Meanwhile, operating revenue surged 89% YoY to ₹1,216.9 Cr during the quarter under review. 

On the back of healthy financial results, shares of the EV maker have surged more than 34.3% in the past month and are up more than 114.1% on a year-to-date (YTD) basis.

Buoyed by Hero MotoCorp picking up a stake in the company, Ather shares hit a 52-week high of ₹1,629.15 on the BSE. It pared some of the gains to finally close the day 9.3% higher at ₹1,612 apiece on the BSE. Market capitalisation of the company also stood at ₹63,592.30 Cr (around $6.6 Bn).

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