Hero MotoCorp to invest up to Rs 420 Cr in Ather Energy
Hero MotoCorp, the country’s largest two-wheeler maker, said its board has approved to further invest up to Rs 420 crore or $57 million in electric scooter manufacturer Ather Energy. Prior to the proposed investment, the company’s shareholding in Ather Energy stood at 34.8 per cent (on a fully diluted basis). The company’s board has approved the investment in one or more tranches, Hero Motocorp said in a statement. The company aims to expand the Hero MotoCorp brand promise and make EV ownership a convenient, hassle-free, and rewarding experience for customers across the world. Continue reading Hero MotoCorp to invest up to Rs 420 Cr in Ather Energy at Entrackr.
Hero MotoCorp, the country’s largest two-wheeler maker, said its board has approved to further invest up to Rs 420 crore or $57 million in electric scooter manufacturer Ather Energy.
Prior to the proposed investment, the company’s shareholding in Ather Energy stood at 34.8 per cent (on a fully diluted basis).
The company’s board has approved the investment in one or more tranches, Hero Motocorp said in a statement.
The company aims to expand the Hero MotoCorp brand promise and make EV ownership a convenient, hassle-free, and rewarding experience for customers across the world.
