March 21, 2025 admin Leave a reply Post Comment

Hero MotoCorp invests in electric 3W company

Hero MotoCorp announced that it will invest up to Rs 525 crore in an automobile company, Euler Motors Private Limited

According to the regulatory filing, Hero MotoCorp will make the investment in one or more tranches. The acquisition is expected to be completed by April.

Operating across 30 cities in India, Euler Motors designs, manufactures, and offers sales and service for electric three-wheelers. Euler Motors also recently launched its first electric commercial four-wheeler.

Euler’s turnover for the financial year ended March 31, 2024 was Rs. 172 crore.

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