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Euler Motors Expands With First Electric Vehicle Dealership In Noida
Euler Motors, a prominent electric commercial vehicle manufacturer, has inaugurated its first dealership in Sector 63, Gautam Buddha Nagar, Noida.
This new outlet is established in collaboration with Smart Solutions and marks the company's 21st dealership across India. The expansion aims to cater to the increasing demand for commercial electric vehicles (EVs).
The Noida showroom will feature Euler Motors' flagship model, the HiLoad EV. This three-wheeler commercial vehicle promises 30% higher earnings and enhanced profitability.
It boasts a payload capacity of 688 kg, a real range of 110-120 km, and an inbuilt fast charging capability. These features make it an attractive solution for various commercial uses.
Focus on Commercial EV Market
Saurav Kumar, Founder & CEO of Euler Motors, expressed enthusiasm about the new dealership. "We are excited to open our first dealership in Noida, offering customers innovative EV solutions for the commercial segment," he said. He highlighted Noida's dynamic commercial landscape and its suitability for showcasing their efficient and reliable vehicles.
The opening of this dealership aligns with Euler Motors' mission to capture 15% of the commercial EV market by the end of FY2025. The new facility will enhance customer access to the HiLoad EV and bolster Euler Motors' presence in the National Capital Region (NCR). The dealership is equipped with modern facilities and staffed by trained professionals committed to providing excellent customer service.
Significant Growth in NCR
The inauguration comes at a pivotal time as Noida and the broader NCR have been crucial in driving EV adoption in India. In FY2024, total EV sales in the state reached 3,05,355 units, representing 17.42% of national sales. This marks a year-on-year growth of approximately 62% from FY2023. E3W Passenger vehicles led the state's EV market with around a 75% share.
NCR's robust infrastructure and progressive policies have spurred a surge in electric vehicle registrations. Euler Motors' entry into Noida is expected to accelerate this trend by offering comprehensive support and reliable charging infrastructure for its EV fleet.
About Euler Motors
Founded in 2018 and based in Delhi, Euler Motors focuses on electric commercial vehicles for last-mile cargo delivery. The company manufactures versatile EVs catering to retail and institutional customers across various industries. It has received accolades such as the Apollo Awards in 2022 and Businessworld's Auto World 40 Under 40 Winners award.
Euler Motors aims to accelerate India's transition to electric mobility by expanding operations nationwide. The company strives to create superior alternatives to traditional mobility solutions, driving mass adoption of electric vehicles.
The new dealership will play a crucial role in Euler Motors' strategy by enhancing customer access to their flagship HiLoad EV model while strengthening their position in NCR. Visitors can expect a comprehensive buying experience, including expert advice on financing and after-sales support.
This expansion reflects Euler Motors' commitment to providing cutting-edge technology while enhancing profitability for customers amid India's growing shift towards electric mobility.
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