Ather Energy shares jumped over 9% to a fresh 52-week high after Hero MotoCorp approved an additional investment of up to ₹1,000 crore in the EV maker. The investment reinforced investor confidence in Ather's long-term growth strategy and expansion plans amid rising demand for electric two-wheelers.
Ather Energy share price surged over 9% on Wednesday, July 15, after its largest shareholder Hero MotoCorp approved an additional investment of up to ₹1,000 crore in the electric two-wheeler maker. The stock rallied as much as 9.20% to hit a fresh 52-week high of ₹1,313.65 per share on the BSE.
The sharp movement in the EV stock came after Hero MotoCorp announced that its Committee of Directors approved the investment proposal at a meeting held on July 14. The investment highlights Hero MotoCorp’s continued confidence in Ather Energy’s growth prospects amid increasing competition in India’s electric vehicle market.
Hero MotoCorp to Subscribe to Ather Energy Securities
Hero MotoCorp will invest in Ather Energy through a preferential allotment of equity shares or other eligible securities, including compulsorily convertible preference shares and warrants. The proposed securities will either represent equity shares or will be convertible or exchangeable into equity shares of Ather Energy.
The transaction is subject to necessary approvals, including approval from the Board of Directors and shareholders of Ather Energy. The investment is expected to be completed within 15 days after receiving the final approvals.
Hero MotoCorp currently holds a 29.48% stake in Ather Energy as of June 30, 2026. The final stake after the transaction will depend on the pricing and structure of the preferential issue and any further issuance of securities approved by Ather’s Board.
Ather Energy Reports Strong Revenue Growth
Ather Energy designs, manufactures, sells and services electric two-wheelers while also operating charging infrastructure and battery energy management services. The company reported a turnover of ₹3,671.76 crore for the financial year ended March 31, 2026, compared with ₹2,255 crore in the previous financial year.
The investment from Hero MotoCorp is expected to strengthen Ather Energy’s expansion plans and support its efforts to compete in India’s fast-growing EV market. The company has been facing intense competition from established players such as TVS Motor and Bajaj Auto, which have benefited from stronger financial resources and wider distribution networks.
Ather Energy Share Price Performance
Ather Energy shares have delivered strong returns over the past year. The stock has gained 25% in the last one month and increased 48% over the past three months. The EV stock has doubled investors’ wealth in six months, rising 100% during the period.
Over the last one year, Ather Energy shares have delivered multibagger returns of 276%, reflecting strong investor interest in the electric vehicle sector and optimism around the company’s future growth.
Hero MotoCorp Strengthens EV Commitment
The ₹1,000 crore investment will be made entirely in cash and will be undertaken on an arm’s-length basis, despite Ather Energy being an associate company of Hero MotoCorp.
The latest investment further deepens Hero MotoCorp’s commitment to Ather Energy, where it is already the largest shareholder. The move comes as major two-wheeler manufacturers continue to expand their presence in the EV segment amid rising demand for electric mobility solutions in India.
