Euler Motors and Magenta Mobility boost partnership with 2,000 new orders
The EVs are expected to be delivered within the next 18 months.
Euler Motors and Magenta Mobility have extended their partnership with a new order of 2,000 HiLoad EVs, following the successful delivery of 500 vehicles from Euler Motors to Magenta.
This order underscores the four-year long partnership between Euler Motors and Magenta Mobility.
Manufactured at Euler Motors' facility in Palwal, Haryana, these EVs are expected to be delivered within the next 18 months.
The ‘Made in India, Made for India’ vehicles will power clients with different types of use cases across varying terrain and weather conditions, enabling them with 30% higher earnings than any other 3W cargo in India. The HiLoad EVs offer a 13kWh battery pack, a certified range of 170 km.
Saurav Kumar, Founder and CEO of Euler Motors said, "This continued collaboration will not only drive the widespread adoption of electric vehicles in India but will also inspire a nationwide shift towards sustainable and eco-friendly transportation."
Maxson Lewis, Managing Director and CEO of Magenta Mobility said, “The decision to scale up significantly with an additional 2,000 electric vehicles is a testimony to our continued partnership."
RELATED ARTICLES
Suprajit Engineering Q2 Profit Rises 5% To ₹53.4 Crore
Suprajit Engineering reports a 21% increase in consolidated revenue for Q2 FY27, while higher expenses and a sharp decli...
SAEINDIA To Host APAC 23 Automotive Engineering Conference In New Delhi
The November 13–14 conference is expected to bring together over 1,000 delegates, 500 mobility experts and 80 exhibitors...
Remsons Industries Q2 Revenue Rises 17%, Pre-Tax Profit Falls
Remsons Industries reported higher consolidated revenue in Q2 FY27, but expenses grew faster, reducing pre-tax profit. C...



08 Feb 2024
Eshisha Java

Autocar Professional Bureau