Following the success of its 3-wheeler flagship, the HiLoad EV, which featured several industry-first innovations, the new 4-wheeler aims to offer similarly market-defining features. It will provide a long driving range, high payload capacity, and enhanced design ergonomics to improve the driving experience. Additionally, it includes enhanced real-time fleet management capabilities, making it suited for industries such as logistics, FMCG, beverages, dairy, paint, and lubricants.
“Commercial electric vehicles must cater to the needs of various industries, accommodating diverse volumes, payloads, and ranges. Our vision is to develop vehicles that seamlessly integrate into all industry verticals,” said Saurav Kumar, Founder & CEO of Euler Motors.
Euler Motors strategy
Euler Motors' expansion into the SCV segment with industry-first features aligns with its mission to accelerate the adoption of electric vehicles. The company aims to promote sustainable urban mobility through innovations designed specifically for India.
The SCV segment in India, anticipated to reach a market value of INR 34,900 crore by FY2027, is currently dominated by internal combustion engine (ICE) vehicles. Electric vehicles (EVs), while still a smaller segment, are expected to grow the fastest. Customers can look forward to significant cost savings and achieving price parity with traditional fuel vehicles, presenting a compelling option for businesses aiming to improve both operational efficiency and sustainability. These vehicles also align with the climate change commitments set by the Government of India.
“Our study of retail and institutional customers in the SCV segment reveals that a significant number are eager to switch to or purchase EVs that deliver high performance, extended range, and advanced features to elevate the driving experience and optimize fleet management. This new 4W vehicle is a milestone, as it will meet all these criteria, making it the perfect, trustworthy companion for both long and short cargo transportation journeys,” he added.
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