Euler Motors is all geared up to transform the small commercial vehicle (SCV) industry with the announcement for the first 4-wheeler EV truck. This vehicle has a payload capacity of more than 1000 kilograms, specially meant for the fast-evolving demand for neat, efficient modes of transporting commodities from one point to another for better performances in different sectors.
Getting Ahead with HiLoad EV
The soon-to-be-launched 4-wheeler SCV will come on back after the success of 3-wheeler HiLoad EV from Euler Motors, an electric vehicle that has hailed in the industry. This new 4-wheeler comes with advanced features catering to the specific needs of industries like logistics, FMCGs, beverages, dairy, and others.
Specialized Features
What makes this new SCV from Euler Motors special is its greater driving range, suitable for both inter-city and intra-city operations. High payload and a vehicle design ideal for ergonomics ensure a comfortable and productive drive. On top of that, the SCV will be fitted with real-time fleet management capabilities to allow businesses to more effectively track and optimize operations.
Market Potential
Presently, the SCV segment market in India is worth about INR 34,900 crore. EVs are increasingly becoming favourable for many companies due to the huge cost-saving potential and as part of fulfilment towards India's commitment on combating climate change by moving towards a zero-emission economy. EVs would attain price parity with conventional fuel vehicles, becoming an ever more preferred option for businesses in boosting both operational efficiency and sustainability.
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Saurav Kumar, Founder & CEO, Euler Motors said, "The company is all geared up to design vehicles to cater to every need of a modern business. Our research into this SCV segment indicates huge interest amongst both retail and institutional customers who are keen to move to electric vehicles which have performance, range and features previously the preserve of only ICE vehicles. This new 4 wheeler vehicle would meet those demands and prove to be a reliable companion for not just long but also short cargo transportation," Kumar said.
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