Euler Motors, a leading electric commercial vehicle manufacturer, has inaugurated its first dealership in Noida, located in Sector 63, Gautam Buddha Nagar. This new venture, in partnership with Smart Solutions, marks the company’s 21st dealership nationwide, as Euler Motors expands its retail footprint to meet the increasing demand for commercial EVs.
The new showroom will feature Euler Motors’ flagship three-wheeler commercial vehicle, the HiLoad EV. This innovative vehicle is 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 poised to transform the commercial EV market by providing a practical 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 of Euler Motors. “Noida’s dynamic commercial landscape, with numerous last-mile delivery logistics companies, makes it the ideal market to showcase the efficiency and reliability of our vehicles. Our goal is to provide access to cutting-edge technology while enhancing profitability for our customers. With India’s increasing transition to electric mobility, especially 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 in Noida 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 dealership boasts state-of-the-art facilities and is staffed by trained professionals dedicated to providing exceptional customer service. Visitors can expect a comprehensive buying experience, from exploring the HiLoad EV’s features 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 reached 305,355 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. E3W Passenger vehicles commanded a significant ~75% share of the state’s EV market for FY2024. With a robust infrastructure and progressive policies, the 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.
