Hero MotoCorp's Strategic Move into Electric Vehicles

In a significant move towards embracing the future of mobility, Hero MotoCorp has announced its foray into the electric three-wheeler segment. The company has acquired a 32.5% stake in Euler Motors for Rs 525 crore, signaling its commitment to accelerated growth and adaptability in the rapidly evolving market.

"Our strategic investment in Euler is a bold step towards realising our vision to be the future of mobility," said Hero MotoCorp executive chairman Pawan Munjal. This investment not only strengthens and diversifies Hero MotoCorp's presence in the emerging mobility landscape but also allows the company to venture into the rapidly growing electric three and four-wheeler market, unlocking adjacent business opportunities.

As the automotive industry continues to evolve, collaborations like these highlight the importance of innovation and strategic partnerships in staying ahead. Hero MotoCorp's investment in Euler Motors is a testament to its vision for a sustainable and efficient future in transportation.