Hero MotoCorp Limited (NSE: HEROMOTOCO, BSE: 500182), the world’s largest manufacturer of motorcycles and scooters, has announced a strategic investment of up to ₹525 crore in Euler Motors Private Limited to diversify into the electric three-wheeler category. The investment will be made in one or more tranches and is expected to be completed by April 30, 2025.
With this investment, Hero MotoCorp will acquire approximately 32.5% equity stake in Euler Motors on a fully diluted basis through a mix of primary and secondary share purchases. Euler Motors, headquartered in New Delhi, designs, manufactures, sells, and services electric three- and four-wheelers across 30 cities in India. Its turnover for FY24 was ₹172 crore.
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This move aligns with Hero MotoCorp’s vision to “Be the Future of Mobility” by leveraging sustainability and innovation to enter the rapidly growing EV market. Electric vehicles are projected to account for 35% of total sales in the near future, making this investment a strategic step toward unlocking adjacent business opportunities.
Additionally, Hero MotoCorp’s Board has approved the incorporation of a Section 8 company under the Companies Act, 2013, dedicated to Corporate Social Responsibility (CSR) initiatives.
Dhiraj Kapoor, Company Secretary & Compliance Officer of Hero MotoCorp Limited, confirmed these developments in regulatory filings with BSE.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: IndusInd Bank Appoints Independent Firm to Investigate Derivative Discrepancies
Published on: March 21, 2025 at 7.00PM GMT.
Kabaddi World Cup 2025 Concludes in the UK:
The Kabaddi World Cup 2025, held in the UK for the first time, concludes on March 23. The tournament featured 16 men’s teams and eight women’s teams, including nations like India, England, Scotland, and Wales. The finals for both categories are scheduled for today. Fans can follow the matches live for free on talkSPORT’s YouTube channel and other platforms.
As stated in Bhagavad Gita :
बहूनां जनमाणां अन्ते ज्ञानी मां प्रपद्यते।
After many births, the wise seek refuge in Me, knowing that I am everything.
