EV OF THE YEAR
Nominees: Euler HiLoad EV, OSM Rage+Rapid EV, Piaggio Ape’ E-Xtra FX
The first category draws attention to a growing share of commercial Battery Electric Vehicles (BEVs) in the small commercial vehicle segment. At ~ 45 per cent of the Total
Industry Volume (TIV), the shrinking market of the three-wheeler segment is coming to be dominated by BEVs that claim to offer higher performance and lower Total Cost of Ownership
(TCO) compared to their Internal Combustion
Engine (ICE) counterparts. The winning product
Euler HiLoad EV impressed the jurors with its strong performance credentials that have many segment firsts and a strong order book as a testimony to its market acceptance as a cargo carrier. Averred Saurav Kumar, Founder and CEO at Euler Motors, “It’s been a long on-road journey of four years in the making. We thank our customers for their support as it’s their feedback that eventually went into developing the product, shaping it to its present form.” “I would like to thank the sales, service, charging station personnel, manufacturing and supply-chain teams for contributing to this win and giving us the faith,” he expressed. The Euler HiLoad EV, claimed Kumar, has come good on testing across different demographics and in different climatic conditions. It’s performance credentials matches if not surpasses every three-wheeler commercial vehicle on Indian roads.