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Funding

Hero MotoCorp to invest up to Rs 525 crore in Euler Motors for 32.5% stake


Two-wheeler manufacturer Hero MotoCorp has announced a strategic investment of up to Rs 525 crore in three-wheeled electric commercial vehicle maker Euler Motors.

The investment, to be made in one or more tranches, will give Hero MotoCorp a 32.5% stake in Euler Motors on a fully diluted basis, according to a stock exchange filing on Thursday.

“Our strategic investment in Euler is a bold step towards realising our vision to “Be the Future of Mobility.” This investment reinforces our commitment to accelerated growth through both organic and inorganic…



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