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.
