Two-wheeler giant Hero MotoCorp announced on Thursday a major investment of up to 17.58 billion rupees ($184.01 million) to acquire additional shares in Ather Energy.

The purchase will elevate Hero's ownership stake in the electric scooter manufacturer to 32.8%, underscoring its commitment to sustainable urban mobility.

This strategic capital infusion comes as India's electric vehicle landscape rapidly expands, positioning Hero to strengthen its footprint and capture greater market share amid soaring domestic demand for green transit.