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Euler Motors launches electric three-wheeler cargo carrier tagged Rs 3.5 lakh onwards

The company, that claims to have tested its HiLoad model for more than 10 lakh kilometres in the last three years, has opened bookings of the vehicle with a payment of Rs 999 on its website or at its experience centres in Delhi and Gurugram.

October 28, 2021 / 02:41 PM IST
Source: Twitter

Source: Twitter

EV maker Euler Motors on Wednesday launched its electric three-wheeler cargo carrier HiLoad, which will go on sale from January 15 next year at starting price of Rs 3.5 lakh.

The company, that claims to have tested its HiLoad model for more than 10 lakh kilometres in the last three years, has opened bookings of the vehicle with a payment of Rs 999 on its website or at its experience centres in Delhi and Gurugram.

With orders of around 2,500 units from e-commerce players including BigBasket, Flipkart and Udaan already in, Euler Motors said it is looking to increase its production from 100 units a month at present to around 1,000 units a month in the next one year to meet the demand.

"At Euler our number one goal has been to bring the parity to the electric commercial vehicle segment and that is parity in terms of performance and parity in terms of cost of ownership (with the conventional internal combustion engine vehicles),” Euler Motors Founder and CEO Saurav Kumar said at a virtual press conference.