Hero x Euler: A ₹275 Crore Spark for India’s EV Logistics

Hero MotoCorp is set to increase its investment in electric commercial vehicle maker Euler Motors with an additional ₹275 crore, raising its stake in the start-up from 34.1 per cent to around 36 per cent on a fully diluted basis.

The fresh investment comes amid growing demand for electric cargo vehicles in India’s last-mile logistics and urban freight segments, prompting Euler Motors to accelerate its manufacturing expansion and product development efforts.

As part of its growth strategy, Euler Motors has outlined a capital expenditure programme of ₹300–400 crore over the next 18–24 months. The investment will be used to expand production facilities and strengthen the company’s electric commercial vehicle portfolio.

The move highlights Hero MotoCorp’s continued efforts to expand its presence in the rapidly growing electric mobility ecosystem, particularly in the commercial EV segment serving logistics and urban delivery operations.

News by Rahul Yelligetti.