has announced the completion of 34.1 per cent stake acquisition in
Euler Motors, thus marking its foray in the electric commercial vehicle segment. The two-wheeler major has made a strategic investment of ₹510 crore for the acquisition, stated the Hero MotoCorp’s BSE filings.
The investment has been done on a 'fully diluted basis', the company further stated. The auto manufacturer, which already holds a stake in electric two-wheeler company Ather and has its own electric arm VIDA, has been focusing on strengthening its position in the electric vehicle market. Hero MotoCorp announced this acquisition in March, 2025.
“Hero MotoCorp has completed the acquisition of 10 numbers of equity shares and 6,65,914 numbers of Series D Cumulative Compulsorily Convertible Preference Shares,” the company added.
The eight year old startup, Euler Motors is engaged in the manufacturing and design of electric three- and four-wheelers.
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