Euler Motors enters 4-wheeler SCV segment with over 1000 kg payload capacity

  • Industry News
  • Aug 29,24
The SCV segment in India is expected to reach a market value of Rs 349 billion by FY2027, with internal combustion engine (ICE) vehicles currently leading the market.
Euler Motors enters 4-wheeler SCV segment with over 1000 kg payload capacity

Euler Motors, a leading manufacturer of commercial electric vehicles, has announced its expansion into the small commercial vehicle (SCV) segment with the launch of a new 4-wheeler offering a payload capacity of over 1000 kg. Scheduled for release during the upcoming festive season, this vehicle marks Euler's latest effort to meet the growing demand for efficient and high-performance transportation solutions within cities.

Building on the success of its 3-wheeler HiLoad EV, Euler's new 4-wheeler is designed to deliver a long driving range, superior payload capacity, and ergonomic features that enhance the driving experience. Additionally, the vehicle will offer advanced real-time fleet management capabilities, which are crucial for industries like logistics, FMCG, beverages, dairy, paint, and lubricants.

The SCV segment in India is expected to reach a market value of Rs 349 billion by FY2027, with internal combustion engine (ICE) vehicles currently leading the market. However, the electric vehicle (EV) segment is poised for rapid growth, driven by potential cost savings and the likelihood of achieving price parity with traditional fuel vehicles, according to company officials.

Saurav Kumar, Founder and CEO, Euler Motors, emphasized the need for commercial electric vehicles to meet diverse industry requirements in terms of volume, payload, and range. He noted that their research indicates a strong interest among retail and institutional customers in transitioning to high-performance EVs with extended range and advanced features.

Euler Motors' entry into the 4-wheeler SCV segment aligns with its mission to accelerate electric vehicle adoption and promote sustainable urban mobility through innovative solutions tailored for the Indian market.
(AutocarPro)

Related Stories

Auto & Auto Components
Mahindra debuts electric origin SUVs named XEV 9e and BE 6e

Mahindra debuts electric origin SUVs named XEV 9e and BE 6e

The SUVs will premiere globally at UNLIMIT INDIA, on November 26, 2024, in Chennai.

Read more
Construction Equipment
The Rise of India’s Construction Equipment Industry

The Rise of India’s Construction Equipment Industry

Driven by increased government spending, rapid urbanization, technological advancements, and the 'Make in India' initiative, the RAHSTA (road) ahead for the construction equipment (CE) industry is b..

Read more
Construction Equipment
RAHSTA Expo 2024 concludes to a grand success

RAHSTA Expo 2024 concludes to a grand success

Smart Manufacturing & Enterprises (SME) and Equipment India (EI) host construction equipment (CE) industry leaders to discuss the future of CE industry. The 10th India Construction Festival (ICF) 20..

Read more

Related Products

Tata Motors unveils facilities for development of Hydrogen propulsion tech

AUTO COMPONENTS & ACCESSORIES

Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more

Request a Quote

Tata Motors plans petrol powertrain for Harrier and Safari SUVs

AUTO COMPONENTS & ACCESSORIES

Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more

Request a Quote

Electric Vehicle Charger

AUTO COMPONENTS & ACCESSORIES

RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back