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Euler Motors plans Rs 200 cr capacity expansion

Friday, 25 Feb 2022
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Euler Motors, an electric vehicle manufacturer, intends to invest Rs 200 crore in capacity expansion for its recently launched electric three-wheeler HiLoad.

Currently, the company manufactures around 4,000 vehicles per annum. It now plans to increase the capacity to 35,000 units per annum by March 2023.

The Rs 200 crore investment will be made over the next 12 months to develop advanced state-of-the-art shop floors to drive up production in its two existing facilities in Delhi-NCR. The company will also set up an automated battery line for its patented liquid-cooled battery pack technology.

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