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Ahead of Ather Energy’s public listing, Hero’s investment in the EV firm has already witnessed a 4-5x runup. Will the two-wheeler giant cash out or use its ‘promoter’ tag to good effect?

The two-wheeler giant’s domestic weakness is overshadowing its global strength. Investors now want proof that Bajaj can win again at home.
India’s largest two-wheeler maker has seen a stock surge on the back of macro tailwinds, an EV push, a credible export strategy and renewed investor faith. Proving that this rally isn’t just a festive-season fling will be the real test.
Bajaj Auto Credit is already driving profits for India’s second-largest two-wheeler maker. With a fundraise on the cards, the captive NBFC is entering the fast lane.