Hero MotoCorp’s stock jumped 2.5% after the company announced a strategic investment of up to ₹525 crore in Euler Motors Private Limited, marking its foray into the electric three-wheeler segment. The investment, approved by Hero’s Board of Directors, will be executed in multiple tranches, reinforcing its commitment to sustainable mobility.
The investment will be primarily made through equity shares and Series D compulsory convertible preference shares (CCPS), giving Hero MotoCorp an approximate 32.5% stake in Euler Motors on a fully diluted basis. Additionally, a portion of the funds may be used for acquiring shares from existing stakeholders via secondary sales.
With EVs expected to account for 35% of the total three-wheeler market in the near future, Hero MotoCorp aims to strengthen its position in this high-growth sector. Euler Motors, which operates in 30 Indian cities, specializes in designing, manufacturing, and selling electric three-wheelers. The company recently expanded its portfolio by launching its first electric commercial four-wheeler.
Furthermore, Hero MotoCorp’s board has also approved the formation of a Section 8 company under the Companies Act, 2013, to enhance its Corporate Social Responsibility (CSR) initiatives.
Hero MotoCorp shares opened at ₹3,629.00, reaching a high of ₹3,687.55 and a low of ₹3,611.75. The stock remains volatile, trading near its 52-week low of ₹3,461.60, significantly below its 52-week high of ₹6,246.25.
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