Euler Motors introduces a high-payload 4-wheeler in the SCV segment

By Staff Report August 27, 2024 5:37 pm IST

Euler Motors has launched its first 4-wheeler in the small commercial vehicle (SCV) segment, aiming to meet the growing demand for cost-effective and high-performance inter- and intra-city transportation solutions.

Euler Motors, a leading commercial electric vehicle manufacturer, has disclosed its entry into the small commercial vehicle (SCV) segment with its first 4-wheeler that will offer a payload of a payload of 1000+ kg. Planned for launch in the upcoming festive season. Euler Motors’ new SCV will be designed to meet the growing demand for cost-effective and high-performance inter- and intra-city transportation solutions.

The HiLoad EV, a successful 3-wheeler, is set to launch a 4-wheeler with market-defining attributes. It will offer long driving range, high payload capacity, ergonomic design, and real-time fleet management, important in industries like logistics, FMCG, beverages, dairy, paint, and lubricants, enhancing the driving experience.

 Estimated to achieve a market value of INR 34,900 crore in India by FY2027, the SCV segment is currently dominated by ICE vehicles. While EVs may comprise a smaller share, they are poised to grow the fastest. With EVs, customers can expect significant cost savings and achieve price parity with traditional fuel vehicles, making them a compelling choice for businesses aiming to improve their operational efficiency and sustainability. Help customers achieve not only greater efficiencies and business ROI, but these vehicles will also align with the climate change commitments by the Government of India.

 Saurav Kumar, Founder & CEO of Euler Motors, said, “Commercial electric vehicles must cater to the needs of various industries, accommodating diverse volumes, payloads, and ranges. Our vision is to develop vehicles that seamlessly integrate into all industry verticals. Our study of retail and institutional customers in the SCV segment reveals that a significant number are eager to switch to or purchase EVs that deliver high performance, extended range, and advanced features to elevate the driving experience and optimise fleet management. This new 4W vehicle is a milestone, as it will meet all these criteria, making it the perfect, trustworthy companion for both long and short cargo transportation journeys.” 

Euler Motors’ expansion into the SCV segment, highlighted by several industry-first features, aligns with its mission to accelerate the adoption of electric vehicles, and to promote sustainable urban mobility – through innovation designed for and from India.