Euler Motors, a leading Indian commercial electric vehicle (EV) manufacturer, is making a significant move into the small commercial vehicle (SCV) market with its first 4-wheeler offering. This electric SCV, boasting a payload capacity of over 1000 kg, is scheduled to launch during the upcoming festive season. Designed to cater to the rising demand for affordable, high-performance transportation in both inter- and intra-city operations, this new addition will strengthen Euler Motors’ position in the evolving EV landscape.
Pioneering Innovation in Commercial EVs
“Commercial electric vehicles must address the diverse needs of industries, from varying volumes to payloads and range requirements. Our aim is to create vehicles that seamlessly fit into any sector,” explained Saurav Kumar, Founder & CEO of Euler Motors. “Our extensive research into retail and institutional customers in the SCV segment reveals a strong interest in EVs that offer exceptional performance, extended range, and cutting-edge features to enhance the driving experience and improve fleet management. This 4-wheeler will meet all these expectations, making it the ideal, reliable partner for long and short cargo transportation journeys.”
Building on HiLoad EV’s Success
Following the success of Euler Motors’ flagship 3-wheeler, the HiLoad EV, which introduced several industry-first features, the new 4-wheeler is expected to set new benchmarks in the market. This SCV will deliver an impressive driving range, high payload capacity, and ergonomic design enhancements to optimize the driving experience. It will also come equipped with advanced real-time fleet management systems—essential for industries like logistics, FMCG, beverages, dairy, paints, and lubricants.
SCV Segment’s Future in India
The small commercial vehicle segment in India, currently valued at INR 34,900 crore and dominated by internal combustion engine (ICE) vehicles, is projected to grow significantly by FY2027. Although EVs currently hold a smaller share of the market, they are expected to see the fastest growth in the coming years. Electric SCVs offer businesses substantial cost savings and the potential to reach price parity with traditional fuel-powered vehicles, making them an attractive option for companies focused on operational efficiency and sustainability. Moreover, these vehicles align with India’s climate change commitments, offering businesses a way to boost return on investment while contributing to environmental goals.
Driving Sustainable Urban Mobility
Euler Motors’ foray into the 4-wheeler electric SCV segment, packed with industry-first features, reflects the company’s mission to drive the adoption of electric vehicles in India. With a focus on promoting sustainable urban mobility through homegrown innovation, Euler Motors continues to lead the way in India’s EV revolution.
