Ad
Ad
Ad
Key Highlights:
Saurav Kumar, CEO and Co-Founder of Euler Motors, has introduced a new era in electric mobility with the launch of the Storm EV range, India’s first electric Light Commercial Vehicles (LCVs) equipped with Advanced Driver Assistance Systems (ADAS).
This move comes as competition in the electric vehicle market intensifies, with other key players like Mahindra and Tata Motors entering the electric four-wheeler segment.
Addressing Market Trends
Kumar recognizes a market shift from electric three-wheelers to four-wheelers in India. While three-wheelers remain popular due to their affordability, the demand for four-wheelers is growing.
According to Kumar, “Both three-wheelers and four-wheelers have their place, but it’s time for four-wheelers to shine, provided they hit the right price and performance benchmarks.”
He emphasized that electric four-wheelers must deliver value without driving up operational costs. "Price has to remain competitive, and customers need vehicles that can carry similar loads over similar distances," Kumar added.
ADAS and Storm EV Features
The Storm EV range offers two models: LongRange 200 for intercity logistics and T1250 for intracity operations. Both models include ADAS, a first for India’s LCV segment. ADAS features include front and rear collision alerts, night vision assist, and rain-sensing wipers, aimed at improving safety.
Kumar underlined the importance of safety in commercial vehicles. He explained that safety is crucial for drivers, and ADAS will help avoid accidents and lower repair costs.
The Storm EV range also features a liquid-cooled battery system with ArcReactor 200 technology and multiple driving modes—Range, Thunder, and Rhino—making them adaptable to different terrains and logistic needs.
Scaling Production and Strategic Partnerships
Euler Motors has already sold around 6,000 electric three-wheelers and aims to replicate this success with its four-wheelers. Production is set at 1,000 vehicles per month, with plans to increase output as demand grows. Kumar also highlighted partnerships with major e-commerce companies like Flipkart, leveraging electric mobility to reduce delivery costs.
Profitability and Government Support
Although Euler Motors isn’t profitable yet, Kumar remains optimistic. He said that success takes time, and government support through programs like FAME II is important for increasing adoption.
Expanding the EV Ecosystem
Kumar emphasized the need for collaboration across the EV ecosystem, including battery suppliers, charging stations, and financiers. While Euler Motors manufactures its own batteries, Kumar is open to partnerships with suppliers like Log9 and Exponent Energy to improve battery performance.
Also Read: Euler Motors Launches First Four-Wheel Small Commercial Vehicle: StormEV
CMV360 Says
Euler Motors’ launch of ADAS-equipped electric LCVs marks a bold step in the evolution of commercial vehicles in India. With safety, technology, and partnerships at the forefront, the Storm EV range has the potential to transform logistics and solidify Euler’s place in the electric vehicle market.
Government Introduces Revenue-Sharing Model for Electric Vehicle Charging Stations
The Union Ministry of Power published these revised guidelines, which apply to various types of EV charging stations. ...
27-Sep-24 09:28 AM
Read Full NewsCummins Collaborates with Bosch and KPIT for Open-Source Telematics Project in Commercial Vehicles
The collaboration between Cummins, Bosch, ETAS, and KPIT will evolve over the coming months, with ongoing contributions to the Eclipse CANought project. ...
27-Sep-24 06:20 AM
Read Full NewsRising Natural Rubber Prices Impacting Tyre Manufacturers in India
Natural rubber constitutes 20-40% of a tyre's weight, making tyre manufacturers particularly vulnerable to price changes....
26-Sep-24 10:11 AM
Read Full NewsCommercial Vehicle Owners in Maharashtra Face Delays in Fitness Certificate Renewals
BS-IV and BS-VI refer to the Bharat Stage (BS) emission standards set by the Central Pollution Control Board. ...
26-Sep-24 09:17 AM
Read Full NewsEuler Motors Launches First Four-Wheel Small Commercial Vehicle: StormEV
The StormEV is priced between Rs 8.99 lakh and Rs 12.99 lakh. It has a payload capacity of 1,250 kg and comes in three variants....
25-Sep-24 09:55 AM
Read Full NewsBattery and CNG Autos Offer Savings for Drivers in Kolkata
Operators have discovered that electric autos, although priced higher at INR 3.9 lakh compared to LPG autos at INR 2.3 lakh, offer substantial savings. ...
25-Sep-24 08:10 AM
Read Full NewsAd
Ad
Euler Storm EV LongRange200: India’s First ADAS-Equipped Electric LCVs
27-Sep-2024
Challenges Faced by Truck Drivers in India
26-Sep-2024
Explore the Mahindra Veero: A Smart Choice for Entrepreneurs
25-Sep-2024
Why You Must Buy Tata Intra V70 In India
24-Sep-2024
Choosing the Right Fuel Tank Capacity for Mahindra Trucks
20-Sep-2024
Discover How PM E-Drive Scheme Will Boost EV Adoption in India
16-Sep-2024
View All articles
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.