Hero MotoCorp to acquire up to 32.8% stake in Ather Energy for ₹1,758 crore
Hero MotoCorp will acquire additional equity shares in Ather Energy, increasing its stake to up to 32.8% for approximately ₹1,758 crore. The acquisition is expected to be completed by September 3, 2026. Ather Energy's turnover for FY26 was ₹3,671.76 crore.
The acquisition represents a significant investment and increases Hero MotoCorp's stake in a key player in the electric two-wheeler market, potentially strengthening its position in this segment.
The acquisition of additional shares in an associate company, Ather Energy, which is involved in the growing electric vehicle sector, is a positive strategic move for Hero MotoCorp.
Hero MotoCorp Limited has announced the approval for the purchase of additional equity shares in its associate company, Ather Energy Limited.
The Committee of Directors of Hero MotoCorp, in a meeting held on August 27, 2026, sanctioned this acquisition. Ather Energy is engaged in the business of designing, manufacturing, selling, and servicing electric two-wheelers, including its own charging infrastructure and battery management systems.
The acquisition involves an investment of up to ₹1,758 crore in cash. This transaction will increase Hero MotoCorp's shareholding in Ather Energy from the current 29.88% (on a fully diluted basis) to approximately 32.8% (on a fully diluted basis). Hero MotoCorp is acquiring these shares from an existing shareholder of Ather.
No governmental or regulatory approvals are required for this purchase. The acquisition is expected to be completed by September 3, 2026. Ather Energy reported a turnover of ₹3,671.76 crore for the year ended March 31, 2026.
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Hero MotoCorp Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Hero MotoCorp Limited. Read the original for the full detail.