Hero MotoCorp looks to debut in electric 3-wheeler space

Hero MotoCorp is in advanced talks to invest up to ₹900 crore in Bengaluru-based Altigreen Propulsion Labs, a maker of electric three-wheelers. This strategic move will allow Hero to enter a growing market segment, competing with Mahindra & Mahindra and Bajaj Auto. Due diligence has been completed, and a deal announcement is anticipated soon.