India's Ather Energy jumps on Hero MotoCorp's plans to invest up to 10 bln rupees

Hero Motocorp

15/07/2026 05:20

** Shares of electric scooter maker Ather Energy ATHR.NS jump 6.8% to 1,283 rupees
** Rise comes after two-wheeler maker Hero MotoCorp HROM.NS on Tuesday approved an investment of up to 10 bln rupees ($104.1 mln) in Ather Energy
** HROM held a stake of 29.48% in Ather Energy, as of June 30
** YTD, ATHR up ~70%; shares have risen nearly four-fold since its IPO last year 

($1 = 96.1000 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))