Euler Motors captures 25% of India's electric four-wheeler cargo market after year-long expansion
By Eve
Euler Motors has become the second-largest electric vehicle player in India's four-wheeler light commercial vehicle cargo segment, growing its market share to nearly 25% from less than 2% over the past year. The manufacturer sold around 6,500 vehicles during the period, scaling monthly sales from approximately 50 units in early 2025 to nearly 1,000 units by September 2026, driven by its Storm EV and Turbo EV 1000 models. Electric penetration in India's 4W cargo segment rose from around 1% to approximately 5% during the same period, with Euler holding nearly 50% of the electric segment in Delhi, around 25% in Maharashtra and approximately 32% in Rajasthan.
Why it matters
The rapid market-share gain signals commercial fleet operators are adopting electric cargo vehicles at scale, creating demand for charging infrastructure in Tier 2 and Tier 3 cities beyond traditional metro hubs. Euler's growth in states like Rajasthan and Maharashtra, where electric penetration has reached 8.7% to 11%, points to emerging depot and en-route charging opportunities for CPOs targeting commercial vehicle corridors.
Source
- Original title
- “Euler Motors Becomes Second-Largest Electric Player in India’s 4W Cargo Segment”
- Published
- 6 October 2026
In this story
- Topic
- Electric Vehicles
- Place
- India
- Tag
- Euler Motors
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