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Hero MotoCorp gets nod to make strategic investment in Euler Motors

21 Mar 2025 Evaluate

Hero MotoCorp has received approval from board of directors for strategic investment of upto Rs 525 crore (in one or more tranches), in Euler Motors. This investment will provide Hero MotoCorp with a strong foothold in the fast-growing electric three-wheeler market, where EVs are projected to account for 35% of total sales in the near future.

Euler Motors has a presence in 30 cities in India and is engaged in the designing, manufacturing and sale & service of electric three-wheelers. They recently launched their first electric commercial four-wheeler. The said strategic investment will be completed by April 30, 2025. The Board of Directors of Hero MotoCorp at its meeting held on March 20, 2025 has considered and approved the same. 

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Peers
Company Name CMP
Bajaj Auto 10350.00
TVS Motor Company 4200.00
Hero MotoCorp 5152.40
Eicher Motors 7210.00
OLA Electric Mobilit 33.16
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