Summary
Electric vehicle manufacturer Euler Motors (Euler Motors) plans to invest an amount of Rs 200 crore to increase its production capacity by the middle of 2022.
Delhi-based electric vehicle maker Euler Motors (Euler Motors) has announced plans to increase its production capacity to 3,000 units per month by the middle of 2022. The company plans to invest an amount of Rs 200 crore to increase its existing production capacity of 350 units per month to 3000 units per month. Presently, the company is operating from an integrated facility which includes R&D, Corporate Office and Manufacturing in Delhi.
Euler Motors Founder and CEO Saurav Kumar said the electric three-wheeler start-up is exploring land in Delhi NCR to further expand the capacity. He said, “Since the entire ecosystem of suppliers is available in Delhi NCR. It is clear that we are building our next facility in the same area.”
The increased production capacity will not only help in accelerating deliveries against this existing order book. It will also meet the projected demand of Delhi NCR, Bengaluru, Hyderabad, Chandigarh and Pune.
According to the company, within four months of its launch, Euler Motors’ HiLoad EV has already witnessed strong demand from both institutional and retail customers. An investment of Rs 200 crore over the next 12 months will be spent on developing advanced and semi-automatic state-of-the-art shop floors to increase production capacity at its two existing plants in Delhi-NCR.
It also established a semi-automatic battery line thanks to its patented liquid-cooled battery pack technology. The new plant will set industry benchmarks in green manufacturing and sustainable processes that reflect the brand’s ethos.
Gaurav Kumar, Head of Supply Chain and Manufacturing, Euler Motors, said, “We intend to design and build state-of-the-art EV manufacturing facilities for both scalability and ensuring greater internal control over quality.
He added, “From the ultimate battery pack, to further enhancements to our products, our focus is on continuous innovation to meet emerging business needs. As a responsible OEM, we are committed to sustainability and on the shop floor. Aiming at a completely green auto value chain incorporating multiple recycling processes. To boost our manufacturing output, we are creating a semi-automatic and futuristic shop floor that will set new benchmarks in the EV space.”
Expansion
Delhi-based electric vehicle maker Euler Motors (Euler Motors) has announced plans to increase its production capacity to 3,000 units per month by the middle of 2022. The company plans to invest an amount of Rs 200 crore to increase its existing production capacity of 350 units per month to 3000 units per month. Presently, the company is operating from an integrated facility which includes R&D, Corporate Office and Manufacturing in Delhi.
Euler Motors Founder and CEO Saurav Kumar said the electric three-wheeler start-up is exploring land in Delhi NCR to further expand the capacity. He said, “Since the entire ecosystem of suppliers is available in Delhi NCR. It is clear that we are building our next facility in the same area.”
The increased production capacity will not only help in accelerating deliveries against this existing order book. It will also meet the projected demand of Delhi NCR, Bengaluru, Hyderabad, Chandigarh and Pune.
According to the company, within four months of its launch, Euler Motors’ HiLoad EV has already witnessed strong demand from both institutional and retail customers.