Archive · 22 Sep 2025
Euler Motors Aims to Double Revenue and Expand
Euler Motors, an electric vehicle maker, is aiming to double its revenue to about ₹400 crore by the end of the financial year.
The company, backed by Hero MotoCorp, plans to expand its operations to 100 cities.
Euler Motors launched the Turbo EV 1000 electric mini truck, expanding its commercial vehicle offerings.
The company is targeting Ebitda break-even by 2029.
They aim to capture a larger share of the growing electric commercial vehicle market.
The company is also exploring magnet-free motors for the future.
Euler Motors aims to double revenue to approximately ₹400 crore in the current financial year.
The company is targeting Ebitda break-even by 2029.
Euler Motors launched the Turbo EV 1000 electric mini truck.
The company currently operates in 60 cities and plans to expand to 100.
Hero MotoCorp has a 34% stake in Euler Motors.
- Who
- Euler Motors
- What
- Aims to double revenue and expand reach.
- When
- Announced on Monday
- Where
- India
- Why
- To increase EV commercial vehicle market share.
- Company
- Euler Motors
- Revenue Goal
- ₹400 crore (FY26)
- Previous Revenue
- ₹192 crore (FY25)
- Hero MotoCorp Stake
- 34%
- Expansion
- To 100 cities by the end of the year
- Vehicle Launched
- Turbo EV 1000
