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Hero MotoCorp chairman Pawan Munjal receives Ather Energy's first electric scooter 450X; Stock soars 2.5%

Hero MotoCorp has been a part of Ather’s growth story since 2016 and currently has nearly 35% of the shareholding in the leading EV maker.

April 01, 2021 12:57 IST | India Infoline News Service
Hero MotoCorp announced that Tarun Mehta, Co-founder and CEO of Ather Energy, today presented the first unit of their new electric scooter 450X in Delhi to the company's chairman Dr Pawan Munjal.

Tarun said, "We have launched the Ather 450X across markets in the past few months and are now delighted to begin our retail operations in New Delhi. To kick-start this phase, we are happy to deliver the first vehicle in Delhi to Dr Pawan Munjal. Not only has Dr Munjal instilled confidence in Ather as one of our key investors but he also has been a mentor to me and Swapnil personally over the years. This is an extremely proud moment for us.”

Munjal, said, "I am truly delighted to receive Ather 450X Scooter from Tarun. Sustainability and clean energy remain at the core of Hero MotoCorp's vision - 'Be the Future of Mobility. I congratulate Tarun, Swapnil and the entire team for developing this technologically-advanced and connected vehicle for customers in the country."

Hero MotoCorp has been a part of Ather’s growth story since 2016 and currently has nearly 35% of the shareholding in the leading EV maker.

At around 12.55 pm, Hero MotoCorp was trading at Rs2989.20 per piece higher by 2.54% on Sensex. 

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