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Euler Motors inaugurates a new four-wheeler manufacturing facility in Palwal, Haryana, with an investment of INR 100 crore. The facility will enhance production capacity for electric vehicles.
RECENTLY ACQUIREDAug 21, 2026•about 3 hours ago
Amount Raised
₹1 Billion
Round Type
Venture - Series Unknown
New DelhiTransportation
Description
Euler Motors, a Delhi-based electric commercial vehicle manufacturer, has inaugurated a dedicated four-wheeler manufacturing line at its Palwal facility. The facility, established with an investment of INR 100 crore, will produce their electric vehicle lineup. With this expansion, Euler Motors aims to increase its annual production capacity. The facility includes advanced automated lines and testing capabilities for vehicle components.
Company Information
Company
Euler Motors
Location
New Delhi, Delhi, India
About
The company plans to utilise these funds to scale up and strengthen its production capacity to deliver the strong order line up for its recently launched HiLoad EV and also prepare to cater to strong demand from the retail segment. The company already has a 2,500 order line up, which is expected to reach 4500 in the next one year. The company recently launched three-wheeler cargo, HiLoad EV in the cargo segment (including ICE). Euler Motors has a network of 200+ charging stations in Delhi NCR to support electric vehicles on ground; it has now introduced multiple charging systems.
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New DelhiTransportation