Hero MotoCorp to invest additional ₹275 crore in Euler Motors

Hero MotoCorp Limited has approved an additional investment of up to ₹275 crore in Euler Motors Private Limited, an electric three and four-wheeler manufacturer, the company announced following its Board meeting on February 5, 2026.

The investment will be made in one or more tranches through a combination of primary infusion and/or secondary share purchase. Hero MotoCorp currently holds a 34.1% stake in Euler Motors on a fully diluted basis. Following the primary investment in Series E Compulsory Convertible Preference Shares, Hero’s stake is expected to increase to approximately 36%.

The transaction is expected to be completed by April 30, 2026.

Incorporated in January 2015, Euler Motors operates in 64 cities across India, engaged in designing, manufacturing, selling, and servicing electric three and four-wheeler vehicles.

The company has demonstrated consistent revenue growth:

• FY 2024-25: ₹191 crore
• FY 2023-24: ₹172 crore
• FY 2022-23: ₹49 crore

Explaining the investment, Hero MotoCorp stated: “As a global automotive leader, Hero MotoCorp Ltd. is driven by sustainability, innovation and customer-centric progress. As we strengthen and diversify our emerging mobility portfolio, HMCL intends to enhance its participation in a rapidly growing electric three and four-wheeler market with this additional proposed investment in Euler Motors.”

Also read: Euler Motors launches 1-tonne electric 4W commercial vehicle at ₹5.99 lakh