Hero MotoCorp gets nod to purchase additional stake in Ather

Hero MotoCorp has received approval for the purchase of additional equity shares of Ather Energy (Ather), an associate company. As of August 25, 2026, Hero MotoCorp holds a 29.88% stake in Ather Energy on a fully diluted basis. Following the purchase of additional shares, Hero MotoCorp’s shareholding in Ather would increase up to around 32.8% on a fully diluted basis. The cost of acquisition is around up to Rs 1,758 crore, and the acquisition is expected to be completed by September 3, 2026. The Committee of Directors of Company at its meeting held on August 27, 2026, has approved the same. Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters. Ather Energy ltd is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems