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Euler Motors Targets Doubling Revenue to Rs 800 Crore in FY27
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News18•07-10-2026, 19:30
Euler Motors Targets Doubling Revenue to Rs 800 Crore in FY27
- •Hero MotoCorp-backed Euler Motors aims to double its revenue to over Rs 800 crore in the current financial year by scaling its four-wheeler business and expanding its retail network.
- •The company reported a revenue of around Rs 402 crore in the previous financial year and has already surpassed that figure.
- •Electric four-wheelers now account for 70 to 75 percent of the company's revenue, driven by models like the Storm EV and Turbo EV.
- •Euler expects to sell around 15,000 units this financial year, a significant jump from the 7,576 vehicles sold previously.
- •The automaker plans to expand its retail footprint by adding another 100 touch points, building on its current network of about 120 locations.
Key Questions Answered
Euler Motors is targeting to double its revenue to around Rs 800 crore during the current financial year, following a revenue of approximately Rs 402 crore in the previous financial year.
The company's electric four-wheeler business is increasingly driven by two core models in its portfolio: the 1.5-tonne Storm EV and the one-tonne Turbo EV.
Hero MotoCorp is the largest shareholder in Euler Motors, holding a stake of around 36 per cent.
