Euler Motors CEO calls for nationwide adoption of Delhi's electric commercial vehicle policy

Euler Motors CEO Saurav Kumar urged state governments across India to replicate Delhi's EV Policy 2026, which bans new fossil-fuel auto-rickshaws and N1 goods vehicles and offers purchase subsidies of ₹1 lakh, ₹75,000 and ₹50,000 over three years. He said such policies can reduce urban air pollution and make electric commercial fleets cheaper to run, provided financing and charging infrastructure are supported. Kumar pointed to other states—Maharashtra, Odisha, Meghalaya, Madhya Pradesh, Telangana, Tamil Nadu and Uttar Pradesh—already offering incentives, and projected that sub-tonne delivery vehicles could reach 50 % electrification within five years.

Euler Motors expects its revenue to double to about ₹800 crore in FY27 after strong sales of its Turbo and Storm models, and is expanding its dealer footprint. The company also raised concerns that the production-linked incentive scheme favors larger manufacturers, giving EV startups a 12-15 % cost disadvantage.