Hero MotoCorp board approves ₹275 Cr investment in Euler Motors, interim dividend
Hero MotoCorp's board approved Q3 FY26 results and declared an interim dividend of ₹110 per share. The company will invest up to ₹275 crore in Euler Motors, an electric vehicle manufacturer, potentially increasing its stake to 36%. Investments in solar power projects and appointment of Mr. Prabhat Singh as Company Secretary were also approved.
The significant investment in Euler Motors, a player in the growing EV market, and the declaration of a substantial interim dividend are material events that are likely to have a high impact on the company's financial performance and strategic direction.
The approval of financial results, a substantial interim dividend, a strategic investment in an electric vehicle company, and solar power projects, along with a key management appointment, indicate positive developments for the company.
Hero MotoCorp Limited announced a series of significant decisions following its Board of Directors meeting held on February 5, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter and nine months period ended December 31, 2025.
Furthermore, the company declared an interim dividend of 5,500%, amounting to ₹110 per equity share for the financial year 2025-26. The record date for this dividend has been fixed as February 11, 2026, with the payment expected to be completed by March 7, 2026.
In a strategic move to bolster its electric mobility portfolio, Hero MotoCorp will make an additional investment of up to ₹275 crore in Euler Motors Private Limited. This investment will be made in one or more tranches, through a combination of primary infusion and/or secondary purchase. Euler Motors, an associate company, is involved in the design, manufacturing, selling, and servicing of electric three and four-wheeler vehicles. Its turnover for the financial year ended March 31, 2025, was ₹191 crore. The acquisition is expected to be completed by April 30, 2026. Hero MotoCorp's current shareholding in Euler is 34.1% on a fully diluted basis, and the primary investment will be in Series E Compulsory Convertible Preference Shares, potentially increasing its stake to approximately 36% on a fully diluted basis.
The company also approved investments in solar power projects: up to ₹3.25 crore for its Haridwar plant and up to ₹4.67 crore for its Neemrana plant, Global Parts Centre, and Centre for Innovation & Technology in Jaipur, under the Group Captive Mechanism.
In terms of corporate governance, the Board appointed Mr. Prabhat Singh as the Company Secretary and Compliance Officer, effective February 5, 2026. He will also serve as the Nodal Officer.
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Hero MotoCorp Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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