Euler Motors has announced its entry into the small commercial vehicle (SCV) segment with plans to launch its first four-wheeler during the upcoming festive season. This new vehicle will feature a payload capacity of over 1,000 kg, catering to the growing demand for efficient and high-performance transportation solutions for both inter- and intra-city logistics.
Already established in the electric three-wheeler market, Euler Motors aims to enhance its portfolio with this four-wheeler, which promises an extended driving range, substantial payload capacity, and advanced real-time fleet management capabilities. The SCV market, projected to reach a value of ₹34,900 crore by FY27, is currently dominated by internal combustion engine vehicles, but the electric vehicle (EV) sector is expected to grow rapidly. Euler Motors emphasizes that EVs offer significant cost savings and can achieve price parity with traditional fuel vehicles, making them an attractive option for businesses focused on operational efficiency and sustainability.
Saurav Kumar, Founder and CEO of Euler Motors, highlighted the importance of developing vehicles that meet the diverse needs of various industries, ensuring they can handle a wide range of volumes, payloads, and distances. Euler Motors’ move into the SCV segment aligns with its vision of delivering versatile electric vehicles tailored for different industry verticals.