Industry News and Headlines

Euler Motors Signals Hero MotoCorp Stake Raise as EV Maker Scales Capacity and Portfolio

Hero MotoCorp will invest an additional ₹275 crore in Euler Motors, raising its stake from 34.1% to roughly 36% on a fully diluted basis. Euler has unveiled a ₹300‑400 crore capital‑expenditure plan for the next 18‑24 months to add new production lines, especially for four‑wheelers, and to double output to about 2,000 vehicles per shift. The firm currently builds around 1,000 vehicles a month, with its four‑wheeler cargo models now delivering 400 units monthly and securing a 20% market share in that segment. Last year’s revenue was ₹191 crore, and Euler is targeting close to 100% growth in FY 26 while expanding its dealer network toward 100 locations.