New Delhi, July 15 -- Hero MotoCorp Ltd has approved an additional investment of up to Rs 1,000 crore in electric two-wheeler maker Ather Energy, strengthening its strategic bet on the fast-growing EV segment, Hero said in an exchange filing on Tuesday.

The company said its Committee of Directors (COD), at a meeting held on July 14, approved the subscription to equity shares or other eligible securities of Ather through a preferential allotment. The investment will be made in cash and is subject to the necessary approvals from Ather's board and shareholders.

Hero MotoCorp currently holds 29.48 per cent of Ather's paid-up share capital on a fully diluted basis as of June 30, 2026. The final change in Hero's shareholding will depend on th...