Hero Moto to buy 33% in EV co for 525cr
NEW DELHI: Hero MotoCorp on Thursday said it has forayed into the electric three-wheeler segment by acquiring a 32.5% stake in Euler Motors for Rs 525 crore. "Our strategic investment in Euler is a bold step towards realising our vision to be the future of mobility," Hero MotoCorp executive chairman Pawan Munjal said in a regulatory filing.
"As we strengthen and diversify our presence in emerging mobility landscape, this investment allows the company to venture into a rapidly growing electric three and four-wheeler market, while unlocking adjacent business opportunities," Munjal said. agencies
Stay informed with the latest business news, updates on bank holidays and public holidays.
Boost your business with AI. Join this course by GrowFast and unlock the power of artificial intelligence. Sign up now!
"As we strengthen and diversify our presence in emerging mobility landscape, this investment allows the company to venture into a rapidly growing electric three and four-wheeler market, while unlocking adjacent business opportunities," Munjal said. agencies
Stay informed with the latest business news, updates on bank holidays and public holidays.
Boost your business with AI. Join this course by GrowFast and unlock the power of artificial intelligence. Sign up now!
Popular from Business
- Stock market today: BSE Sensex ends almost 900 points up; Nifty50 above 23,150 - top reasons for D-Street rally
- Air India may place order for 30-40 new wide-body jets from Airbus, Boeing: Report
- Soon you may get to pay lower toll charges on national highways - details here
- Savings moving to market-linked financial products expose households to significant risks, warns Finance Ministry
- Infosys lateral hiring: IT giant plans to recruit experienced tech workers across over 40 skill sets
end of article
Trending Stories
- Soon you may get to pay lower toll charges on national highways - details here
- Stock market today: BSE Sensex opens over 400 points up; Nifty50 crosses 23,000
- Top stocks to buy today: Stock recommendations for March 20, 2025
- Hero MotoCorp, India’s largest two-wheeler maker by volume, sees almost half a dozen senior level resignations
- Apple looks to deepen India presence; in talks with Wipro Enterprises and Lakshmi Machine Works to expand suppliers list
- Noel Tata, Ratan Tata’s half sisters Shireen and Deanna Jejeebhoy join board of Ratan Tata Endowment Trust
- Stock market today: BSE Sensex opens over 400 points up; Nifty50 above 22,600
Visual Stories
- 8 Ruskin Bond stories that enlighten students about nature and life
- 8 most powerful ways to memorise anything in minutes for exams
- 8 Chanakya Sutras to lead students to success through intelligent effort
- 8 reasons why studying too hard is ruining your test scores
- 8 Rabindranath Tagore Poems to Help Students Cope with Hardships and Change
TOP TRENDS
UP NEXT
Start a Conversation
Post comment