Euler Motors opens ₹100-crore four-wheeler EV line at Palwal
The electric commercial vehicle maker has commissioned a dedicated four-wheeler plant across 40 acres in Haryana. Euler did not disclose what the line is currently producing against its 24,000-unit capacity.
Electric commercial vehicle maker Euler Motors has opened a dedicated four-wheeler manufacturing line at Palwal, Haryana, with an investment of ₹100 crore. The facility, spread across a 40-acre site, has an annual production capacity of up to 24,000 vehicles and will build the company’s Turbo EV 1000 and Storm EV models. It was inaugurated by Pawan Munjal, Executive Chairman of Hero MotoCorp, an investor (36.67% stake) in the company. Euler did not disclose current production volumes, sales figures or the level of localisation at the plant. The company also manufactures electric three-wheelers for last-mile logistics.
