The new retail outlets across Bengaluru and Hyderabad will offer after-sales services, including vehicle servicing and maintenance.
“We are thrilled to announce our expansion into the southern region of India with the launch of our new retail outlets in Karnataka and Telangana – which are some of India’s biggest delivery hubs. EVs already constitute more than 30% penetration in Karnataka while markets like Hyderabad are showing a steady EV growth in the commercial space. We have deployed around 430+ vehicles in these two states in the last one year and continue to increase our deployments across segments,” said Saurav Kumar, Founder & CEO of Euler Motors in a statement.
“While the EV story began with ecommerce initially, it is heartening to see the customer response from retail. Our retail market share is steadily growing, with demand from local businesses and segments, fruits and vegetables, cement, and constructions, FMCG and more. Retail already accounts for 40% HiLoad EV sales in Bangalore and is increasing. With piqued market interest and a growing customer base in our EVs, we are confident that this expansion will enable us to serve a wider customer base and contribute to the transformation of the commercial mobility landscape in South India”, added Kumar.
Euler Motors also has a financier network which includes names like Turno, Shriram Transport, VT, and CKERS Finance. The company also has over four service and charging hubs in the two states.
The new showrooms are open to the public, providing an opportunity for people to test drive Euler Motors’ HiLoad EV 2023 and explore its features first-hand.
