Akshata Sharma
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Ola Electric rival Ather Energy's loss attributable to Hero MotoCorp stood at Rs 389.77 crore on a consolidated basis, against Rs 192.5 crore in the year-ago period, according to the latest annual report released by the company.
Notably, Hero holds more than a 40% stake in the EV maker.
While Ather Energy hasn't released its financials for fiscal 2024, Hero MotoCorp's annual report showed that Ather Energy's loss widened to Rs 1,060 crore from Rs 864 crore in fiscal 2023.
Revenue was largely flat at Rs 1,789.10 crore in fiscal 2024 versus Rs 1,783.60 crore in the financial year 2023.
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