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Ather Energy, the Indian electric vehicle manufacturer, is reportedly considering a $50 million reduction in its planned $400 million IPO due to current investors offering fewer shares. Despite market fluctuations, the company aims to proceed with the IPO in the coming weeks, potentially adjusting its valuation. If conditions worsen, Ather may explore private placement as an alternative. The decision reflects broader challenges in the EV market, where companies are increasingly evaluated on profitability rather than future potential. Ather's premium positioning and focus on quality have established its brand, but its sales growth lags behind competitors, raising questions about its scalability.
Hero MotoCorp is set to invest ₹525 crore in Euler Motors, a manufacturer of electric three-wheelers, acquiring a 32.5% stake in the company. This strategic investment underscores Hero MotoCorp's commitment to expanding its footprint in the electric vehicle market.
Hero MotoCorp is set to invest up to 525 crore rupees (approximately $71 million) in electric vehicle manufacturer Euler Motors, acquiring a nearly 32.5% stake through primary and secondary investments. The deal includes purchasing equity shares and Series D compulsory convertible preference shares. Founded in 2018, Euler Motors specializes in electric three-wheelers and operates over 500 charging hubs across more than 30 cities in India.
Hero MotoCorp is set to acquire a stake in Euler Motors for INR 525 crore. This strategic investment highlights Hero MotoCorp's commitment to expanding its footprint in the electric vehicle sector. The deal is expected to enhance collaboration and innovation in sustainable mobility solutions.
Hero MotoCorp is set to invest up to Rs 525 crore in Euler Motors, acquiring a 32.5% stake in the electric vehicle company. This strategic investment underscores Hero MotoCorp's commitment to expanding its footprint in the electric mobility sector.
Exponent Energy is set to launch 'e-Park' in Bengaluru's Electronic City, featuring a 1 GW battery manufacturing facility and dedicated R&D labs, with plans to open in the next two months. This development follows a $26 million Series B funding round led by Eight Roads Ventures and TDK Ventures. Co-founder Arun Vinayak highlighted the facility's role in scaling operations from their current site in Attibele.
Hero Motocorp is focusing on launching new premium products and expanding its EV portfolio with affordable options. The company is also enhancing its retail presence through new Premia stores and Vida Hubs, while management is optimistic about growth driven by increased demand in rural areas. With a long-term EBITDA margin target of 14-16%, the stock is rated a BUY with a price target of ₹5,796.
Hero MotoCorp has received a Buy rating from Sharekhan, with a target price of Rs 6,057, following a strong performance driven by significant margin expansion in its internal combustion (IC) business. The underlying EBITDA margin improved by 150 bps year-on-year to 16.5%, and the company aims to maintain a blended EBITDA margin of 14-16%. The stock is currently trading at a P/E multiple of 16.8x/15.3x and an EV/EBITDA multiple of 11.1x/10.1x for FY26E/FY27E estimates, reflecting a healthy recovery and positive market response to new products.
A significant trend has emerged where stocks entering the Nifty 50 are considerably more expensive than those exiting. With 45 stocks approved for the F&O segment, Zomato and Jio Financial Services are likely to join the index by March, despite their high trailing P/E ratios of 307x and 118x, compared to Eicher Motors and BPCL"s 25.5x and 9.9x, respectively. Since FY18, inclusion stocks have had a P/E of around 60x, six times higher than the median P/E of exclusion stocks at approximately 10x.
Hero MotoCorp reported its highest-ever quarterly revenue in Q2FY25, driven by improved realisations and festive sales. Rural demand outperformed urban, while operating margins benefited from raw material cost corrections and a rich product mix. The company is focusing on enhancing customer experience through initiatives like Hero 2.0 and premium stores, alongside a commitment to electric vehicles and new product launches.
Hero MotoCorp Limited
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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