Hero MotoCorp to invest Rs 1,000 Cr in Ather's Rs 2,500 Cr QIP as stock hits record high
Hero MotoCorp approved up to Rs 1,000 crore additional investment in Ather Energy via preferential allotment, part of the EV two-wheeler maker's Rs 2,500 crore fundraise. Ather shares hit a record Rs 1,313.8, taking market cap to Rs 49,750 Cr. It holds third spot in India's e-2W market with 16.12% share.
The development
Hero MotoCorp approved up to Rs 1,000 crore additional investment in EV two-wheeler maker Ather Energy via preferential allotment, part of Ather's Rs 2,500 crore fundraise. Ather shares hit a record high; it holds third spot in India's e-2W market.
The numbers
- Rs 1,000 Cr Hero investment
- Rs 2,500 Cr QIP
- 29.48% Hero stake
- Rs 1,313.8 record high
- 16.12% EV market share
- Rs 3,672 Cr FY26 revenue
- Rs 49,750 Cr market cap
Why it matters to operators and investors
Hero MotoCorp's deepening preferential-allotment stake in Ather cements a strategic alliance that pairs a legacy ICE giant with a pure-play EV challenger against the two-wheeler incumbents.
What to watch next
- QIP subscription levels and final allotment pricing vs record high
- Monthly e-2W registration data (VAHAN) confirming share trajectory
- Ather quarterly EBITDA/margin trend and cash burn rate
- Policy shifts on EV subsidies and import duties
- Hero MotoCorp's own EV roadmap for potential overlap/cannibalization
- Ather to announce specific capex allocation: new plant capacity, charging infra, model launches
- Hero to clarify stake percentage and any board seat changes post-allotment
- Watch competitor QIPs/fundraises from Ola Electric and legacy OEMs in response
- Ather likely to push premium/mid-segment scooter lineup and export ambitions