Euler Motors, a leading electric commercial vehicle manufacturer, has opened its first dealership located in Sector 63, Gautam Buddha Nagar, Noida in partnership with Smart Solutions. This milestone marks the company’s 21st dealership nationwide, as it continues to expand its retail footprint to meet the growing demand for commercial EVs.
The new showroom will showcase Euler Motors’s flagship three-wheeler commercial vehicle – HiLoad EV, designed to deliver 30% higher earnings and boost profitability. With a payload capacity of 688 kg, a real range of 110-120 km, and an inbuilt fast charging feature, the HiLoad EV is set to revolutionize the commercial EV market by offering an attractive and efficient solution for various commercial applications.
We are excited to open our first dealership in Noida, offering customers innovative EV solutions for the commercial segment, said Saurav Kumar, Founder & CEO, Euler Motors. The dynamic commercial landscape of Noida, with several last-mile delivery logistics companies that cater to the growing demand for powerful electric three-wheelers, makes it the perfect market to showcase the efficiency and reliability of our vehicles. Our goal is to provide access to cutting-edge technology, while enhancing profitability for customers. With India’s increasing transition to electric mobility, particularly in the commercial sector, we believe the NCR is set to lead the charge towards a more sustainable future.
Aligned with its mission to capture 15% of the commercial EV market by the end of FY2025, Euler Motors is focused on expanding its presence across India. The new dealership will play a crucial role in this strategy by enhancing customer access to the HiLoad EV and strengthening Euler Motors’ position in the NCR region. The Noida dealership is equipped with state-of-the-art facilities and staffed by a team of trained professionals dedicated to providing exceptional customer service. Visitors to the showroom can expect a comprehensive buying experience, from exploring the features of the HiLoad EV to receiving expert advice on financing and after-sales support.
The inauguration comes at a significant time, as Noida and the broader National Capital Region (NCR) have been pivotal in driving EV adoption in India. In FY2024, the total EV sales in the state clocked 3,05,355 units, accounting for 17.42% of the overall EV sales in the country. Compared to FY2023, the state has shown a year-on-year growth of approximately 62% in FY2024. Within the state’s EV market for FY2024, E3W Passenger vehicles emerged as the frontrunner, commanding a significant ~75% share. With a robust infrastructure and progressive policies, NCR is witnessing a surge in electric vehicle registrations. Euler Motors’ entry into the Noida market is set to accelerate this trend, offering comprehensive support and a reliable charging infrastructure for its EV fleet.