
Hero MotoCorp to invest ₹550 cr in Ather Energy
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1%.
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1%.
The country's largest two-wheeler manufacturer, which launched Vida 1 electric scooter in December last year, plans a presence in atleast 100 cities in terms of EVs by December
The company launched Harley Davidson X440 on July 4 this year, marking its foray into the 440cc bike segment in India.
Hero, Bajaj, Yamaha and TVS work on taking market share from Royal Enfield
This comes a day after the agency conducted raids under the Prevention of Money Laundering Act (PMLA) across 12 locations in Delhi and Gurugram of Hero MotoCorp
According to reports, the Directorate of Revenue Intelligence (DRI) recently apprehended a close aid of Munjal in relation to money laundering and the possession of undeclared foreign currency
The Royal Enfield owner's stock has fallen 12.6% in the past five sessions following the launch of HD X440 and Speed 400 by Hero MotoCorp and Bajaj Auto, respectively.
Share price of rival Eicher Motors, which makes Royal Enfield, has crashed 8.8% in 2 days. That of Hero and Bajaj have risen 8.4% and 6.3%.
Launch of Harley-Davidson X440, co-developed by Hero Motocorp and Harley, marks start of a new chapter for US-based classic motorcycles maker in India
The share price of Maruti Suzuki, and Hero MotoCorp dropped between 0.6% and 1.2% on the BSE, while Mahindra & Mahindra shares surged 3% to hit a 52-week high.