Hero MotoCorp invests in smart electric-vehicle maker
Two-wheeler giant Hero MotoCorp has decided to invest Rs 205 crore in Bengaluru-based Ather Energy.
Hero MotoCorp said, "Adoption of environment-friendly fuel is a priority for Hero MotoCorp, as is propagating sustainable manufacturing through green facilities. With this 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 start-up engaged in the business of designing and manufacturing smart electric vehicles and associated charging infrastructure.
Shares of Hero MotoCorp was trading at Rs 3375 per share on BSE Sensex, down by Rs 46.55 per share or 1.36% at 9.59 am.