Hero Motocorp to invest INR 2 billion in smart electric vehicles start-up Ather Energy  [ India ]

On October 27, Hero MotoCorp Ltd. (HMCL) announced that the Board of Directors of the company has approved an investment of up to INR 2 billion for approximately 26-30% shareholding in Ather Energy Private Limited. Hero MotoCorp intends to enhance its participation in the EV space by pursuing its internal EV program in addition to partnering with Ather. Ather is a Bangalore-based technology sta...