Euler Motors Targets ₹400 Crore Revenue This Year with Focus on Right Products.

Electric vehicle manufacturer Euler Motors announced recently its plans to become one of the top three players in India’s commercial EV segment. The company is aiming to double its revenue to ₹400 crore in the current financial year, up from ₹191 crore last year.

Speaking at a product launch event, Saurav Kumar, Founder and CEO of Euler Motors, said the company’s growth strategy hinges on customer-centric innovation and delivering value through technology at the right price point.

“We’ve been able to map customer needs, identify the technology required, and deliver at the right price point. As long as we continue with our customer-first approach and uphold our promise that ‘if they succeed, we succeed,’ I am confident we will remain among the top three players — and perhaps even move ahead of some,” Kumar told BusinessLine.

Euler Motors also expanded its three-wheeler portfolio with the launch of Euler HiLoad EV, Storm Long Range 1500, and Euler Turbo EV 1000 — all of which, according to the company, come with segment-first innovations aimed at improving performance and operational efficiency.

With the new launches and a sharpened product focus, Euler Motors is positioning itself for accelerated growth in a competitive and fast-evolving EV market.