Euler Motors is preparing to introduce its first 4-wheeler small commercial vehicle (SCV)
with a payload capacity exceeding 1000 kg during the upcoming festive season. Following
the success of its 3-wheeler HiLoad EV, recognized for pioneering features in its category, the
company is now venturing into the SCV market.
This new 4-wheeler is designed to meet the growing demand for affordable and
high-performance transportation solutions in sectors like logistics, FMCG, and dairy. It will
boast a long driving range, substantial payload capacity, ergonomic design, and advanced
fleet management capabilities.
By FY2027, the SCV market—dominated by vehicles with internal combustion engines—is
projected to reach a value of Rs 34,900 crore. However, electric vehicles (EVs) are
anticipated to see rapid growth due to their cost efficiency and alignment with India’s climate
change objectives.
Saurav Kumar, Founder & CEO of Euler Motors, emphasized the company’s dedication to
creating vehicles that cater to the diverse needs of the industry, offering both high
performance and extended range. Euler Motors’ expansion into the SCV segment highlights
its commitment to promoting sustainable urban mobility and advancing the adoption of
electric vehicles through innovative, India-centric designs.
