New Delhi
Hero MotoCorp Acquires 34.1 Percent Stake In Euler Motors
Hero MotoCorp has completed a Rs 510 crore investment in Euler Motors, acquiring a 34.1% stake as part of its plan to enter the electric Commercial Vehicle market.
Keshav Rajput
Updated May 12, 2025, 12:42 PM IST
Hero MotoCorp Acquires 34.1 Percent Stake In Euler Motors
Hero MotoCorp Limited has acquired a 34.10% equity stake in Euler Motors Private Limited. The acquisition includes 10 equity shares and 6,65,914 Series D cumulative compulsorily convertible preference shares. The total investment is valued at Rs 510 crore, executed through a combination of primary and secondary transactions.
The disclosure was made on May 12, 2025, following an earlier announcement on March 20, 2025, when Hero MotoCorp’s board approved a strategic investment of up to Rs 525 crore in Euler Motors.
Euler Motors Now an Associate Company
As a result of the investment, Euler Motors has become an associate company of Hero MotoCorp. The stake acquired represents 34.10% of Euler’s shareholding on a fully diluted basis.
Hero MotoCorp's entry into Euler Motors marks its expansion into the electric three-wheeler segment. The investment is entirely in cash and includes both equity and preference shares.
Euler Motors: Operations and Financial Performance
Euler Motors was founded in January 2015. They designs, manufactures, sells and services electric three- and four-wheeler vehicles.
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 .
Last Year Euler Motors launched India's first ADAS-Equipped Electric LCV range; the Storm EV LongRange 200 and Storm EV T1250. The Storm EV LongRange 200 is priced at Rs 12.99 lakhs ex-showroom and the Storm EV T1250 is priced at Rs 8.99 lakh (ex-showroom).
Investment Structure
Hero MotoCorp's approved investment plan includes up to Rs 525 crore in multiple tranches. The transaction involves both fresh capital infusion and purchase of shares from existing Euler shareholders. The goal is to strengthen Hero MotoCorp’s position in India’s electric vehicle segment, particularly the growing three-wheeler category.
Log in to post a comment.
End of Article
Trending
VinFast VF MPV 7 EV Gets a Price Cut of Over 4 Lakh: Check New Price
Mercedes-Benz GLC EV Launched in India at Rs 78.50 Lakh: Gets 94kWh Battery, 490bhp Power
Honda Alpha EV Set to Launch in India on December 2: Expected Design, Features and Range
Hero Vida UBX 06 Electric Motorcycle Debuts at EICMA 2026: Features, Range and More
New Mini Cooper SE India Launch on November 27: Expected Price, Range, Battery, Features and More
Which Are the Most Affordable Electric Scooters in India in 2026?
How Long Do Electric Car Batteries Last in India? Life, Degradation and Warranty Explained
Popular
STAY UPDATED Get the latest news from Times Drive
