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Hero MotoCorp surges on getting nod to make strategic investment in Euler Motors

21 Mar 2025 Evaluate

Hero MotoCorp is currently trading at Rs 3675.00, up by 78.10 points or 2.17% from its previous closing of Rs 3596.90 on the BSE.

The scrip opened at Rs 3633.25 and has touched a high and low of Rs 3700.00 and Rs 3613.90 respectively. So far 6589 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 6245.00 on 24-Sep-2024 and a 52-week low of Rs 3455.30 on 17-Mar-2025.

Last one week high and low of the scrip stood at Rs 3700.00 and Rs 3455.30 respectively. The current market cap of the company is Rs 73271.97 crore.

The promoters holding in the company stood at 34.74%, while Institutions and Non-Institutions held 55.68% and 9.58% respectively.

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.


Hero MotoCorp Share Price

5197.35 -87.55 (-1.66%)
16-Apr-2026 11:23 View Price Chart
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