Hero MotoCorp rides high on partnering with Ather Energy
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Hero MotoCorp is currently trading at Rs. 3778.00, up by 16.20 points or 0.43% from its previous closing of Rs. 3761.80 on the BSE.
The scrip opened at Rs. 3789.95 and has touched a high and low of Rs. 3809.00 and Rs. 3761.85 respectively. So far 32707 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3889.05 on 04-Dec-2023 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3889.05 and Rs. 3730.60 respectively. The current market cap of the company is Rs. 75471.39 crore.
The promoters holding in the company stood at 34.77%, while Institutions and Non-Institutions held 55.94% and 9.30% respectively.
Hero MotoCorp has entered into a partnership with Ather Energy for an interoperable fast-charging network in India. Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather Grids across the country. The combined network will cover 100 cities with over 1900 fast charging points. The Bureau of Indian Standards (BIS) recently approved Light Electric Combined Charging System (LECCS), India’s first-ever indigenously developed AC and DC Combined Charging connector standard for light electric vehicles. This combined network, which utilises the approved charging system, will be the largest EV charging ecosystem in the country.
Customers will be able to locate and navigate to the charging stations through the ‘My VIDA’ and Ather App. The interoperability will enable them to discover only compatible locations, locate their nearest charging station, view its availability, and navigate to the station.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
