Ather Energy jumps 9% on Hero MotoCorp's Rs 1,000 crore backing, mass-market scooter launch
Ather surged 9% after Hero MotoCorp approved up to Rs 1,000 crore additional investment, lifting its stake to 29.48%, alongside Ather's new mass-market scooter priced Rs 1-1.25 lakh. Patanjali Foods bucked the trend, plunging 15% on heavy edible-oil selling and now down 37% in CY2026.
What happened
Ather Energy surged 9% after Hero MotoCorp approved up to Rs 1,000 crore additional investment and Ather announced a mass-market scooter priced Rs 1-1.25 lakh.
Key facts
- Ather +9%, Hero MotoCorp Rs 1,000 crore investment, 29.48% stake
- New scooter priced Rs 1-1.25 lakh
- Patanjali Foods -15%, down 37% in CY2026
- Tata Elxsi net profit Rs 170 crore, -22.58% QoQ
Why this matters
Hero MotoCorp's deepening commitment to 29.48% signals strong strategic conviction in Ather, setting a benchmark for EV two-wheeler partnerships and potential further consolidation in the space.
What to watch
- Ather mass-market scooter delivery timelines and booking volumes
- Hero stake movement toward 25%/26% open-offer thresholds
- Edible oil price trends and import duty changes affecting Patanjali Foods
- Quarterly EV registration data (VAHAN) for two-wheeler market share shifts
- Ather gross margin and cash burn guidance in next earnings
- Track Ather's post-jump follow-through and profit-booking after the news pop fades
- Monitor competitor pricing responses from Ola Electric, TVS and Bajaj to the mass-market launch
- Watch Patanjali Foods for edible-oil margin stabilization or continued sell-off below CY2026 lows
- Assess Hero MotoCorp's own EV strategy signals given deepening Ather stake