NEW DELHI: Pawan Munjal-led Hero MotoCorp will invest Rs 550 crore in electric two-wheeler company Ather, increasing its holding in the company beyond 33.1%.
According to a filing with the stock exchanges, Hero said it will be investing the money to increase its stake in the company that had a turnover of Rs 1,806 crore in the year ended March 31, 2023.