Hero Motocorp and Ather Energy collaborate to speed up India's EV charging infrastructure

6 Dec 2023 , 02:58 PM

According to a press release, Hero MotoCorp and Ather Energy announced on December 6 that they have partnered to create an interoperable fast-charging network in India.

EV users nationwide will be able to use VIDA and Ather Grids with ease thanks to this partnership. Over 1900 fast charging stations spread over 100 cities will be part of the merged network.

Aether Industries’ shares increased by more than 1% in response to the news, while Hero MotoCorp’s shares remained over 2% down.

Due to festival season and big-ticket purchases, the domestic two-wheeler market had significant demand in November, resulting in an approximate 20–21% year-over-year growth. Regarding volume, Hero Moto’s sales increased by 26% year over year in November.

Additionally, the firm increased its market share in November as a result of Honda’s supply-chain problems, which prevented the company from running out of important models during the festival season, according to analysts at Kotak Institutional Equities.

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