Euler Motors has expanded its manufacturing footprint in Palwal, Haryana, with an investment of more than ₹100 crore to manufacture its commercial four-wheeler (4W) electric vehicle portfolio. The facility will produce the company’s Turbo EV 1000 and Storm EV, with an annual production capacity of up to 24,000 vehicles.
The expanded facility was inaugurated by Pawan Munjal, Executive Chairman of Hero MotoCorp, in the presence of Euler Motors’ leadership team. Hero MotoCorp holds around a 36 per cent stake in Euler Motors.
Speaking at the inauguration, Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp, said, “At Hero MotoCorp, we believe the future of mobility will be shaped by collaboration, innovation and a shared commitment to sustainable growth. India’s commercial mobility sector is at an important inflection point, with electrification gaining momentum on the back of supportive government policies, improving total-cost economics and the growing demand for sustainable last-mile mobility. Our strategic investment in Euler Motors reflects our confidence in its vision and capabilities, as well as our belief in the broader potential of India’s rapidly evolving electric mobility ecosystem.”
He further added, “The expansion of Euler’s Palwal facility, with a dedicated four-wheeler production line, represents more than an increase in manufacturing capacity—it is a step towards shaping the future of India’s commercial mobility. Euler has demonstrated that electric vehicles can deliver the performance, economics and technology that commercial customers demand.”
Commenting on the launch, Saurav Kumar, Founder and CEO, Euler Motors, said, “The four-wheeler cargo segment has long run on ICE for years because no electric vehicle could compete with ICE on the right combination of performance and affordability. Our 4W vehicles – Storm EV and the Turbo EV 1000 have demonstrated as the right fit to that gap with segment penetration moving from around ~1 percent to ~5.8 percent in the category with Euler securing ~28 percent market share. We expanded from selling ~40 four-wheeler vehicles a month last year in April to roughly ~800 four-wheeler vehicles a month this year in June. With the scaling demand for Euler’s four-wheeler vehicles, this manufacturing facility now gives us the capacity to cater to that growing demand. With this facility, we are building on the momentum to accelerate the transition to electric mobility across segments that have been long dominated by ICE.”
Gaurav Kumar, Head – Supply Chain & Manufacturing, Euler Motors said, “A commercial vehicle earns its keep only if it performs the same on day one and day one thousand. That consistency in quality is built on the shop floor. We have brought the core of the vehicle in-house, from the chassis, axles to the battery pack, and put every vehicle through rigorous testing under the real-world conditions of India’s roads and operating environments. As demand for the Turbo EV 1000 and Storm EV grows, our new facility gives us the capacity to meet this scaled demand without compromising on the standards of quality, reliability and performance that define every Euler vehicle.”
