Euler Motors Expects To Ramp Up Monthly Production To 1,000 Units
- It wants to grow its order book from 9,000 to 15,000
- It recently raised $60 million from GIC in Singapore
- it counts Flipkart and BigBasket as its main investors
Indian electric three-wheeler maker Euler Motors' aims to boost production to 1,000 units a month from 100 after its new plant in the outskirts of New Delhi starts operations in the current quarter, its chief executive said on Thursday.
The company is expecting its order book to swell to 15,000 units by the end of the financial year from over 9,000 currently, buoyed by strong demand, Euler CEO Saurav Kumar told Reuters.
Euler, which counts Walmart Inc-backed e-commerce firm Flipkart and Tata-backed grocery delivery firm BigBasket among its customers, recently raised $60 million in a funding round led by GIC Singapore.
The Indian government is also offering companies billions of dollars in incentives to locally manufacture EVs and their parts.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Shinjini Ganguli)
Related News
Latest Cars
Upcoming Cars
Latest News
car&bike Team | Jun 23, 2026Citroen Aircross Comfort Edition Launched; Prices Start At Rs. 9.09 LakhThe Citroen Aircross Comfort Edition will be offered in three variants - You, Plus, Plus Turbo 7S - and they are priced between Rs. 9.09 lakh and Rs. 11.99 lakh (ex-showroom).2 mins read
Jaiveer Mehra | Jun 23, 2026Xiaomi YU7 GT Sets First-Ever Driverless Car Lap Record At NurburgringXiaomi’s performance electric SUV complete a 20.8 km circuit of the Nordschleife in 10:29.483 without a driver behind the wheel.1 min read
car&bike Team | Jun 22, 2026New Renault Duster Exports Commence From IndiaRenault has begun exports of the all-new Duster from India, with the first shipment of 750 vehicles heading to South Africa.1 min read
car&bike Team | Jun 22, 2026Skoda Kodiaq RS Bookings Open In India Ahead Of LaunchThe initial allocation is capped at 50 units for India.2 mins read
Jaiveer Mehra | Jun 21, 2026Aprilia Tuono 457 Special Edition Launched At Rs 3.99 LakhNew Special Edition gets revised graphics, a new Mamba Black colour and updates to the ergonomics1 min read
Jaiveer Mehra | Jun 21, 2026Tata Sierra EV QWD Confirmed Ahead Of LaunchThe all-wheel drive variant of the Sierra EV is expected to use the 75 kWh battery from the Harrier EV.1 min read
Preetam Bora | Jun 15, 20262026 Yezdi Scrambler Review: The Update That Changes EverythingThe Yezdi Scrambler gets a comprehensive update with an updated engine, revised chassis, reduced weight and proper features list. Does it deliver? Here’s our take.10 mins read
Preetam Bora | Jun 10, 20262026 BMW F 450 GS Review: A True GS - But Should You Buy It?The GS badge on a BMW means something and always has. Can the new made-in-India BMW F 450 GS truly live up to that legacy? We spent a few days getting familiar with the F 450 GS to see if it’s worth a buy.12 mins read
Jaiveer Mehra | Jun 10, 20262026 Tata Altroz Long-Term Review: Initial Impressions After 45 DaysTata’s premium hatchback brings a lot to the table, but some rough edges are still apparent.4 mins read
Seshan Vijayraghvan | Jun 9, 2026Renault Duster 1.0-Litre Turbo Review: Small Engine, More Than Enough PerformanceThe Renault Duster's TCe100 engine is the 1.0-litre turbo petrol that makes 99 bhp and 166 Nm of peak torque. And it only comes with a 6-speed manual.6 mins read
Seshan Vijayraghvan | Jun 8, 20262026 Tata Tiago EV Review: Small EV Gets Big ImprovementsThe 2026 Tata Tiago EV promises a sharper design, segment-first features at sub-Rs. 10 lakh price point, and better real-world range. But does it deliver?1 min read