Ather Energy shares gained nearly 4% to Rs 1,534.30 in Friday’s trading session after Hero MotoCorp announced plans to invest up to Rs 1,758 crore in the electric two-wheeler maker, increasing its stake to approximately 32.8% on a fully diluted basis.
Hero MotoCorp, which already holds a 29.88% stake in Ather Energy as of August 25, 2026, will acquire additional shares from an existing shareholder through a cash transaction. The deal is expected to be completed by September 3, 2026, subject to the terms of the transaction.
The investment further strengthens Hero MotoCorp’s presence in India’s rapidly expanding electric two-wheeler market. Ather Energy designs, manufactures, sells and services electric two-wheelers and also operates its own charging infrastructure.
The company is additionally involved in the storage, distribution and management of electric power, including battery-based energy, along with other ancillary services.
Ather reported a turnover of Rs 3,671.76 crore for FY26, marking a strong growth trajectory from Rs 2,255 crore in FY25 and Rs 1,753.8 crore in FY24.
Hero MotoCorp said the additional investment involves purchasing shares from an existing shareholder and will be made entirely in cash. The company expects to spend up to Rs 1,758 crore on the transaction.
The purchase will increase Hero MotoCorp’s holding in Ather to up to 32.8%, from the current 29.88% stake on a fully diluted basis.
According to the company’s filing, the transaction does not fall under related-party transactions, and no promoter, promoter group or group company of Hero MotoCorp has any interest in the entity from which the shares are being acquired.
No government or regulatory approvals are required for the transaction, Hero MotoCorp said.
Founded in 2013, Ather Energy has emerged as a prominent player in India’s electric two-wheeler segment, with a nationwide presence spanning its electric scooter business and charging network.
Ather Energy has recorded a sharp rise in turnover over the past three financial years, with revenue more than doubling from Rs 1,753.8 crore in FY24 to Rs 3,671.76 crore in FY26. Turnover stood at Rs 2,255 crore in FY25.
The latest investment by Hero MotoCorp underscores its continued confidence in Ather’s growth potential while further strengthening its strategic foothold in India’s fast-growing electric mobility market.
Share price and technical indicators
Ather Energy shares have surged around 260% over the past year, taking the company’s market capitalisation to approximately Rs 58,933 crore. The stock touched a fresh 52-week high of Rs 1,580 during Friday’s trading session.
On the technical front, Ather Energy’s 14-day Relative Strength Index (RSI) stands at 63.6. An RSI below 30 is generally considered to indicate an oversold zone, while a reading above 70 is viewed as overbought. With the current RSI below the overbought threshold, the stock has room before entering technically overbought territory. The stock is also showing a bullish technical setup, trading above all 8 of its key Simple Moving Averages (SMAs), indicating sustained upward momentum.
