Euler Motors has announced its entry into the small commercial vehicle (SCV) segment, with its first four-wheeler that will offer over 1000 kg payload. 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.
Following the success of its three-wheeler flagship, the HiLoad EV, the new four-wheeler will also have market-defining attributes to give unmatched performance. The vehicle will offer a long driving range, high payload capacity, and enhanced real-time fleet management.
Estimated to achieve a market value of Rs 34,900 crore in India by FY27, 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.
“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,” said Saurav Kumar, Founder & CEO of Euler Motors.
“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 optimize 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,” he added.