Highlights

Hero MotoCorp's shareholding in Ather Energy was 34.8%
Hero Moto to invest Rs 420 cr into Ather
Ather in direct competition with Hero Electric

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Hero Moto invests further in Ather as the Munjal family drama turns electric

Name: Hero Moto invests further in Ather as the Munjal family drama turns electric
Uploaded: 2022-01-17T17:38:19.000+05:30
Duration: T00M36S
Channel: Ej Biz Desk
Description: Pawan Munjal is riding Hero Moto fast into the EV lane. Hero MotoCorp, the the world’s largest manufacturer of motorcycles and scooters has invested further into EV startup Ather Energy, which produces electric scooters in the ...

Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8%

Updated: Sep 02, 2022 10:53

Ej Biz Desk

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Hero Moto invests further in Ather as the Munjal family drama turns electric

Pawan Munjal is riding Hero Moto fast into the EV lane. Hero MotoCorp, the the world’s largest manufacturer of motorcycles and scooters has invested further into EV startup Ather Energy, which produces electric scooters in the country.

Also watch: EV push: Delhi makes electric vehicle mandatory for Zomato, Swiggy, Ola, Uber

The company has decided to infuse another ₹420-crore investment in the Hosur-based electric vehicle manufacturer.This is increases Hero Moto's holding in Ather which already stood at 34.8%.

Ather which commands about 15% market-share in the EV scooter space in India is in direct competition with Pawal Munjal's brother and nephew led Hero Electric. The Munjal family is currently facing off on the usage of the brand 'Hero' for their EV launches.