Hero MotoCorp Limited appointed Suresh Kumar P as its Chief Digital & Information Officer effective Monday, August 31, 2026. The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Kumar joins the company's Leadership Team and will be designated as Senior Management under the Listing Regulations. The move signals a focus on technology-led transformation within the auto major.

Executive Profile

Mr. Suresh Kumar P brings nearly two decades of experience spanning Fast-Moving Consumer Goods, Pharmaceuticals, and Information Technology. His career includes senior leadership roles at Reckitt, Pernod Ricard, and Asian Paints, where he spearheaded technology initiatives to drive business growth and organizational excellence.

He holds a Post Graduate Diploma in Industrial Management from the Indian Institute of Management Mumbai (formerly National Institute of Industrial Engineering) and a Bachelor of Technology in Information Technology from Madras Institute of Technology, Anna University.

Regulatory Disclosure

The disclosure was signed by Prabhat Singh, Company Secretary & Compliance Officer, on August 31, 2026. The filing confirms that Mr. Kumar’s appointment is effective immediately upon joining.

Hero Motocorp has completed the purchase of additional equity shares in Ather Energy Limited for approximately ₹1,758 crore. The company acquired 1.188 crore shares, raising its stake to ~32.8% on a fully diluted basis. This update follows the Committee of Directors' approval on August 27, 2026.

Transaction details

The acquisition involves a cash consideration paid to an existing shareholder of Ather. Hero MotoCorp held 29.88% of Ather’s fully diluted share capital as of August 25, 2026. Post-transaction, this stake stands at approximately 32.8%. The company completed the acquisition on August 28, 2026, ahead of the previously stated timeline of September 3, 2026. No governmental or regulatory approvals are required for this purchase, and it does not constitute a related-party transaction.

About Ather Energy

Ather Energy is engaged in designing, manufacturing, and servicing electric two-wheelers, along with developing charging infrastructure and battery management systems. The company reported a turnover of ₹3,671.76 crore for the year ended March 31, 2026, up from ₹2,255 crore in FY25 and ₹1,753.8 crore in FY24.

Strategic context

Hero MotoCorp’s increased investment underscores its commitment to the electric vehicle space. By expanding its associate holding, the motorcycle major aims to leverage Ather’s technology and market presence in India’s growing EV sector.