Ather Energy, one of India’s leading electric scooter manufacturers, has filed for an Initial Public Offering (IPO) to raise Rs 3,100 crore. While this news has generated excitement among investors, the company’s financial health reveals a troubling picture. In the fiscal year 2023-24 (FY24), Ather Energy reported losses that surged to Rs 1,059.7 crore, up […]
In an impressive showcase of resilience and innovation, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has once again demonstrated its industry-leading stature by concluding the fiscal year 2023-24 with outstanding sales figures and a host of strategic advancements. The company, renowned for its extensive range of motorcycles and scooters, solidified its leadership […]
Hero MotoCorp said that it will make a new investment of up to INR 420 crores in Ather Energy, a Bengaluru-based electric vehicle (EV) company. The Indian automobile manufacturer said that its board has sanctioned the investment in Ather Energy in one or more tranches. Before the proposed investment, Hero MotoCorp had a stake of […]