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Ather's Board Shake-Up on Listing Day

Niranjan Kumar Gupta, former Hero CEO and Ather's non-executive director, resigned on May 6, coinciding with Ather's listing.
Ather hasn't announced Gupta's board replacement yet, but Hero's Ram Kuppuswamy remains on the board.
Ath...

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Hero MotoCorp's October Sales Surge 18%

Hero MotoCorp reported a significant 18% increase in sales for October 2024, selling 6,79,091 two-wheelers compared to 5,74,930 in October 2023.
The majority of sales were motorcycles, with 6,35,787 units sold, marking a 20% growth ...

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Honda India to Launch First Electric Scooter by March 2025

Honda Motorcycle & Scooter India (HMSI) plans to launch its first electric vehicle, the Activa Electric, by the end of this fiscal year.
The new EV will feature advanced technology like a touchscreen infotainment unit, connected feat...

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Ather IPO: Founders, Tiger Global, Binny Bansal's 3 State Ventures to sell stake; Hero Motocorp to stay invested

Ather Energy is preparing for its IPO, with Hero MotoCorp retaining its shares while founders and investors plan to sell.
The IPO will include a fresh issue of shares worth Rs 3,100 crore and an offer for sale of up to 2.2 crore equi...

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Ather Energy Joins Unicorn League with $71 Mn Funding from NIIF

Ather Energy, an electric two-wheeler manufacturer, secured $71 Mn (INR 600 Cr) from National Investment and Infrastructure Fund (NIIF), valuing the company at $1.3 Bn post-money.
NIIF was an investor in Ather's Series E round, which...

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Ola Electric IPO: Matrix, Ratan Tata score big; Temasek in red

Ola Electric, known for its e-scooters, has set a price band of Rs 72-76 per share for its IPO, translating to a market cap of $3.8-4 billion, which is 25% lower than its 2023 valuation of $5.4 billion. This drop means late-stage inves...

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Ather Energy’s Losses Widen to Rs 1,059 Crore in FY24

Ather Energy, the e-scooter manufacturer, saw its losses increase by 23% to Rs 1,059 crore ($128 million) in FY24, up from Rs 864 crore ($104 million) the previous year. Revenue rose slightly to Rs 1,789.10 crore ($215 million) from Rs...