Hero Motocorp to Investment in Eoor Motors – Hero Motocorp entry in electric three -wheeler segment, announced an investment of Rs 525 crore in this company Euler motors

Hero Motocorp to Investment in Euler Motors: Hero MotoCorp Limited, the country’s largest two -wheeler manufacturer, has announced an investment of up to Rs 525 crore in EULER Motors Private Limited, a major company in Electric Tiptiah and Charphalia Vault Segment. According to Hero MotoCorp, a 35% stake in the total sales of electric vehicles is estimated to be in the near future. With this investment, the hero is also going to enter the MotoCorp Electric Three-Sheeler segment.

The company said in the exchange filing on Thursday that this investment will be made in one or more installments and its objective is to set foot in Hero MotoCorp growing electric vehicle segment. Initially, the company will buy 32.5% share stake in Yular Motors. In addition, Hero MotoCorp can buy shares from existing eular shareholders through secondary cells within the same investment amount. This transaction is expected to be completed by April 30, 2025.

How is Euler Motors:

Let me tell you that, the design, manufacture and sale of Egler Motors Electric Three and Four-wheeler vehicles has been long. Especially in commercial electric vehicle segment, the company is doing much better. With the presence in more than 30 cities in India, Yular has recorded better growth. By the financial year ending on March 31, 2024, the company has registered a business of Rs 172 crore, which was Rs 49 crore in 2023 and Rs 25 crore in 2022.

Yular Motors has recently expanded its portfolio with the launch of its first Electric Commercial Four-wheeler. This company is already sitting with its foot in the electric three-wheeler segment. This acquisition will also help Hero MotoCorp to strengthen its grip in the rapidly growing electric three-wheeler segment.

Emphasizing the importance of the move, Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, said, “Our investment in Euler is a bold step towards realizing our vision of ‘Future of Mobility’. This investment confirms our development through both organic and inorganic expansion.” He further said that this investment reflects the sustainability, innovation and customer-centric progress of Hero MotoCorp.

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