Leading electric commercial vehicle manufacturer, Euler Motors on Thursday announced the expansion of its manufacturing footprint in Palwal, Haryana, dedicated for manufacturing of its four-wheeler (4W) portfolio, with an investment of over ₹100 crore.
The product portfolio comprising the Euler Turbo EV 1000 and Storm EV will be manufactured at this facility with an annual production capacity of up to 24,000 vehicles.
The facility was inaugurated by Hero MotoCorp’s Executive Chairman Pawan Munjal in the presence of Euler Motors’ leadership team. Hero MotoCorp has around 36 per cent stake in Euler Motors.
“India’s commercial mobility sector is at an important inflection point, with electrification gaining momentum on the back of supportive government policies, improving total-cost economics and the growing demand for sustainable last-mile mobility. Our strategic investment in Euler Motors reflects our confidence in its vision and capabilities, as well as our belief in the broader potential of India’s rapidly evolving electric mobility ecosystem,” Munjal said.
He said Euler has demonstrated that EVs can deliver the performance, economics and technology that commercial customers demand and with this facility, Euler is well positioned to take that proposition to a much larger scale.
“By bringing together our complementary strengths, we aim to help build a stronger EV ecosystem and accelerate the transition towards cleaner, smarter and more efficient commercial mobility in India. We are proud to be part of this journey,” Munjal added.
The facility follows a layered validation approach, with testing integrated across every stage of manufacturing. Critical systems, including suspension frames, drivetrain and steering, undergo rigorous testing for early fault detection, the company said.
“The four-wheeler cargo segment has long run on internal combustion engine (ICE) for years because no electric vehicle could compete with ICE on the right combination of performance and affordability. Our 4W vehicles – Storm EV and the Turbo EV 1000 have demonstrated as the right fit to that gap with segment penetration moving from around 1 per cent to 5.8 per cent in the category with Euler securing around 28 per cent market share,” Saurav Kumar, Founder and Chief Executive Officer, Euler Motors, said.
Published on August 20, 2026
