Hero MotoCorp Raises Ather Stake to 32.8% in ₹1,758 Cr Deal

Hero MotoCorp has increased its stake in electric two-wheeler maker Ather Energy after acquiring an additional 1.18 crore shares for ₹1,758 crore through an open-market transaction. The purchase lifts Hero’s holding in Ather to around 32.8%, up from 29.48% at the end of June 2026.

The shares were purchased at ₹1,480 apiece from the Government of Singapore, which sold the same quantity through a block deal. Hero’s latest move comes just a month after the automaker announced plans to invest another ₹1,000 crore in Ather, underlining its growing strategic interest in the EV company.

Ather itself is preparing for a larger phase of expansion. In June, the company said it planned to raise up to ₹2,500 crore for manufacturing, research and development, new products and broader business expansion. It subsequently raised about ₹1,300 crore through a qualified institutional placement in July, while its board also approved a proposal to raise another ₹1,200 crore through a preferential issue.

The stronger backing comes alongside improving operating performance. Ather’s Q1 FY27 revenue jumped 89% year-on-year to ₹1,216.9 crore, while its consolidated net loss narrowed 71% to ₹51.1 crore from ₹178.2 crore a year earlier. The company is also seeing a higher contribution from software subscriptions, charging services, accessories, spare parts and after-sales revenue.

Ather’s stock has also rallied sharply, rising more than 34% over the past month and over 114% year-to-date. Following Hero’s stake purchase, the stock touched a 52-week high of ₹1,629.15 on the BSE before closing at ₹1,612. For Hero MotoCorp, the latest transaction strengthens its exposure to one of India’s fastest-scaling electric two-wheeler companies as competition in the EV market continues to intensify.