Hero MotoCorp has approved an additional investment of ₹275 crore in electric commercial vehicle startup Euler Motors, with the transaction expected to be completed by April 30, 2026. The move signals Hero’s continued push into the electric mobility ecosystem, particularly in the fast-growing last-mile and commercial EV segment.
Alongside the investment, Hero MotoCorp’s Board has also approved entering into an arrangement with Clean Max Enviro Energy Solutions (CleanMax) to establish a Special Purpose Vehicle (SPV). The SPV will support a solar power wheeling project under the Group Captive mechanism for the company’s Neemrana plant, Global Parts Centre, and Centre for Innovation and Technology in Jaipur, strengthening its renewable energy transition.
Strong quarterly financial performance
Hero MotoCorp reported a consolidated net profit of ₹1,267.55 crore in Q3 FY26, registering a 14.4% year-on-year growth compared to ₹1,107.55 crore in the same period last year. The company noted that the financial results include a one-time charge of ₹119 crore linked to the implementation of four new labour codes effective November 21, 2025.
Revenue from operations rose 21.7% year-on-year to ₹12,486.82 crore, driven by festive season demand and strong rural consumption. The company sold 16.97 lakh motorcycles and scooters during the quarter, marking a 16% increase from 14.64 lakh units in Q3 FY25.
Growth outlook and shareholder returns
According to CFO Vivek Anand, steady focus on operational excellence, product optimisation, and consumer-centric innovation continues to drive performance. The company also declared an interim dividend of ₹110 per share.
Despite strong financial performance, Hero MotoCorp’s shares closed at ₹5,768.80, down 1.51% from the previous session.
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