29 Aug 2024
New 4-Wheeler from Euler Motors to Launch During Festive Season
Euler Motors, a leading name in Electric Commercial Vehicles, is set to enter the Small Commercial Vehicles (SCV) segment with the introduction of a New Four Wheeler. This vehicle, boasting a payload capacity of over 1000 kg, is ready for launch during the upcoming festive season.
The new 4-wheeler SCV by Euler Motors is designed to meet the rising demand for efficient and cost-effective transportation solutions. It aims to serve both within cities and across longer distances. Building on the success of their HiLoad EV, this new model aims to offer enhanced performance and features tailored to the SCV market.
Key Features of Euler Motors' New 4-Wheeler SCV
This new electric SCV will come equipped with several advanced features:
Long Driving Range: Designed to cover more distance without frequent recharging.
High Payload Capacity: Exceeding 1000 kg, catering to heavy loads.
Ergonomic Design: Improved driver comfort for better driving experiences.
Real-Time Fleet Management: Enhanced capabilities for better vehicle tracking and management.
These features are particularly valuable for industries such as logistics, FMCG, beverages, dairy, and others that rely heavily on SCVs for their operations.
Future of SCV Segment in India
The SCV segment in India is set to grow significantly, with the market projected to reach a value of Rs 34,900 crore by FY2027. Currently, internal combustion engine (ICE) vehicles dominate this market. However, the growth of electric vehicles (EVs) is set to accelerate, driven by potential cost savings and the possibility of price parity with traditional fuel vehicles.
CEO's Vision for Electric Vehicles
Saurav Kumar, Founder and CEO of Euler Motors, stated that commercial electric vehicles need to cater to various industries. These industries have different requirements for volume, payload, and range. He indicated that their research suggests a significant number of retail and institutional customers in the SCV segment are interested in transitioning to EVs. These customers are looking for vehicles that offer high performance, extended range, and advanced features.
Euler Motors' expansion into the SCV segment aligns with its goal of increasing electric vehicle adoption. It also aims to promote sustainable urban mobility through innovation designed specifically for the Indian market.
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