Euler Motors Expands Retail Footprint; Eyes 25 Per Cent Market Share By 2024

Euler Motors, an electric vehicle company on Wednesday announced the opening of its first dealership, EcoEdge Enterprises in the Delhi-National Capital Region (NCR), bringing its total showrooms in the region to five. With this new addition, Euler Motors continues to cater to the growing demand for commercial EVs among the retail customers.

The outlet strategically positions Euler Motors to meet the burgeoning demand for electric commercial vehicles in the western Delhi region. With a track record of tailoring electric vehicles to meet the unique needs of businesses, Euler Motors has become a preferred choice for customers looking to reduce their carbon footprint while enhancing operational efficiency and profitability.

The company's objective is to secure approximately 25 per cent of the commercial EV market share by the end of the fiscal year 2024. This expansion is intended to meet the increasing demand for electric vehicles within the retail sector, serving various business segments such as FMCG, pharma, e-commerce, furniture, and more.

“We are delighted to inaugurate our fifth outlet in the Delhi-NCR region, reaffirming our steadfast commitment to advancing sustainable mobility solutions," stated Saurav Kumar, Founder & CEO, Euler Motors.

"This expansion amplifies our vision of 'Taking charge of the electric revolution' and will play a pivotal role in accelerating electric vehicle adoption in the region. We are confident that our EVs will empower retail customers and businesses to earn more while reducing their operational expenses and contribute to a cleaner and more sustainable future," Kumar added.

Euler Motors' dealership will provide after sales services, including vehicle maintenance and charging infrastructure support, ensuring a seamless ownership experience for customers. With the most powerful battery pack at 13 kWh and an exceptional range of 170 km for HiLoad 2023, Euler Motors also offers a cohesive infra ecosystem for seamless on-road operations. This includes more than 500 charging options, along with fast charging options. This is also supported by a robust servicing setup and segment-focused financing options to offer a seamless EV customer experience.