India's Hero MotoCorp to add $66m more into EV maker Ather Energy

Investment comes as nation's interest in electric vehicles grows

20230907 DSA Hero Ather

Hero MotoCorp, which already holds a 33.1% stake in Ather, is betting on rising consumer interest in electric two-wheelers. (NIKKEI montage/Screenshot from the Hero and Ather websites)

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- Hero MotoCorp said it will be investing an additional 5.5 billion rupees ($66 million) in Indian electric two-wheeler manufacturer Ather Energy.

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