Hero MotoCorp bought 1.19 crore shares from Singapore’s sovereign fund GIC at ₹1,480 each, lifting its holding in Ather Energy from 29.88% to 32.8%. The deal, worth roughly ₹1,758 crore, underscores Hero’s aggressive push into the electric two‑wheeler market.

  • Hero invests ₹1,758.24 crore to secure 32.8% stake in Ather
  • No government or regulatory approvals required for the transaction
  • Ather’s market cap now stands at about ₹63,762 crore (≈ $6.7 billion)

Hero MotoCorp acquired 1.19 crore shares of electric two‑wheeler maker Ather Energy from Singapore’s sovereign wealth fund GIC at ₹1,480 per share on August 28, valued at roughly ₹1,758.24 crore. This purchase lifts Hero’s holding from 29.88% to 32.8% on a fully diluted basis.

Ather, already an associate of Hero, reported a turnover of ₹3,671.76 crore in FY26, up from ₹2,255 crore in FY25 and ₹1,753.8 crore in FY24. Earlier, Ather raised ₹1,200 crore via a preferential issue, with Hero contributing nearly ₹960 crore and the India‑Japan Fund (IJF) adding ₹200 crore. Co‑founders Tarun Mehta and Swapnil Jain each invested ₹20 crore.

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According to Vahan data, Ather retained the third position in July with 28,819 registrations and a 14.89% market share, though it saw an 8.3% month‑on‑month decline. Following the latest deal, Ather’s shares closed 8% higher at ₹1,616.3, pushing its market capitalization to ₹63,762 crore (≈ $6.7 billion).

Why This Matters

BozokMedia analysis shows that Hero’s sizable stake signals a strategic commitment to dominate India’s fast‑growing EV two‑wheeler segment. As the country accelerates electric vehicle adoption, such partnerships and capital inflows are set to intensify competition and spur innovation across the ecosystem.

"Hero’s investment will accelerate capital flow into India’s EV ecosystem, fostering faster technology development and broader market penetration," says industry analyst Ajay Singh.
Did You Know?: Ather launched India’s first smart electric scooter in 2018, redefining urban mobility in major cities.

Frequently Asked Questions

Q1: Did Hero MotoCorp need any regulatory approval for this acquisition?
A: No, the company confirmed that no government or regulatory clearances were required.

Q2: How will this increased stake affect Ather’s future plans?
A: The additional capital will support new model development, expansion of charging infrastructure, and a larger market share.