Hero MotoCorp announces it will invest up to Rs 1,000 crore in electric two-wheeler maker Ather Energy through a preferential allotment. The boards of Hero and Ather are involved, and the investment is subject to required approvals, including those from Ather’s board and shareholders. Hero’s statement says it will subscribe to Ather’s equity shares or other eligible securities, which may include compulsorily convertible preference shares and warrants, issued on a preferential basis. The transaction is planned to be funded entirely in cash and is expected to be completed within about 15 days after Ather receives the final set of approvals. The sources also note Hero already holds a 29.48% stake in Ather on a fully diluted basis as of June 30, 2026, and that the final shareholding after the preferential issue will depend on the pricing of the securities and any further issuances approved by Ather. In response to the development, Ather Energy shares rise by around 6% in the latest reported trading session. Hero characterizes the investment as arm’s-length despite Ather being a related party, and Ather operates across electric scooter manufacturing, charging infrastructure, and battery energy management services.