Hero MotoCorp to invest Rs 525 crore in Euler Motors, marks its entry in electric 3 wheeler segment
Multinational automobile maker Hero MotoCorp is going to invest Rs 525 crore in Euler Motors Private Limited, marking its entry into the electric three-wheeler market. Euler Motors is into designing, manufacturing, and servicing of electric three-wheelers, and recently launched its first electric commercial four-wheeler.
As per the updates the investment will be made in one or more tranches and aims to provide Hero MotoCorp with a foothold in the growing electric vehicle sector.
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