Euler Motors, a leading electric vehicle company, has revealed its strategic expansion plan in South India through the inauguration of four new retail outlets across Karnataka and Telangana. The move is aimed at meeting the growing demand for sustainable mobility solutions in the flourishing retail, logistics, and e-commerce sectors in the Southern region. With these additions, the company now boasts four showrooms strategically located in Bangalore (Peenya and Mysore Road) and Hyderabad (Malakpet and Balanagar).
Euler Motors’ New Retail Outlets in Bengaluru and Hyderabad to Offer Comprehensive After-Sales Services
As part of its strategic expansion in South India, Euler Motors has introduced four new retail outlets across Bengaluru and Hyderabad. These outlets will provide comprehensive after-sales services, including vehicle servicing and maintenance, ensuring a seamless experience for customers.
The company’s flagship vehicle, HiLoad EV, has already emerged as a market leader in the Southern region. Boasting unparalleled utility in its segment, the HiLoad EV stands out with its highest payload capacity and impressive on-road range in the cargo segment. The vehicle has garnered significant traction from various retail sectors, including FMCG, pharmaceuticals, paper and packaging, furniture, chemicals, and food delivery. Renowned brands such as Magenta, Citylink, Flipkart, Lithium Logistics, and others in Karnataka and Telangana have already embraced the HiLoad EV, showcasing its effectiveness and efficiency in meeting their business needs.
Euler Motors, a prominent electric vehicle company, is excited to announce its strategic expansion into the southern region of India. The company has launched new retail outlets in Karnataka and Telangana, two of India’s biggest delivery hubs. With over 30% penetration of electric vehicles in Karnataka and a steady growth of EV adoption in Hyderabad’s commercial space, Euler Motors aims to capitalize on the thriving EV market in these states.
Over the last year, Euler Motors has deployed more than 430 electric vehicles in Karnataka and Telangana, and the company is continuously increasing its presence across various segments. While the initial focus was on the ecommerce sector, Euler Motors is delighted to witness an encouraging response from the retail segment. Retail market share is steadily growing, driven by demand from local businesses, including fruits and vegetables, cement and construction, FMCG, and more. Retail already accounts for 40% of HiLoad EV sales in Bangalore and continues to increase.
Saurav Kumar, Founder & CEO of Euler Motors, expressed his confidence in the expanding customer base and growing market interest in their EVs. The company is optimistic that this strategic expansion will enable them to serve a broader customer base and contribute significantly to transforming the commercial mobility landscape in South India.
Euler Motors, known for its dedication to providing an effortless customer experience and driving the EV transition, has established a strong and reliable financier network. Notable names such as Turno, Shriram Transport, VT, and CKERS Finance are part of this robust network. With the support of these financial partners, Euler Motors aims to make electric vehicle ownership more accessible and convenient for customers in Karnataka and Telangana.
To further enhance customer convenience, Euler Motors has set up over four service and charging hubs in these two states. These hubs play a crucial role in ensuring seamless after-sales services and efficient charging facilities for their EV customers.
The new retail outlets, located in Bengaluru and Hyderabad, are now open to the public, providing a unique opportunity for people to experience the performance and features of Euler Motors’ flagship vehicle, the HiLoad EV 2023, through test drives. By offering hands-on exploration, Euler Motors aims to showcase the superior capabilities and advantages of their electric vehicles, fostering a deeper understanding and appreciation for sustainable mobility solutions.
