# Euler Motors Claims 25% Share of India's Electric Cargo LCV Market

> Euler Motors reports nearly 25% share of India's electric four-wheeler cargo LCV market, with monthly volumes approaching 1,000 units by September 2026.
- **Author**: Prakash
- **Published**: 2026-10-05
- **Modified**: 2026-10-05
- **Category**: news
- **URL**: https://bestev.in/news/euler-motors-claims-25-share-of-indias-electric-cargo-lcv-market-20261005

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**Euler Motors says it has secured nearly a quarter of India's electric four-wheeler cargo LCV market, with the Storm EV and Turbo EV 1000 driving its expansion.**

India's electric cargo truck market is gaining momentum, and Euler Motors is becoming a significant contender. In an update reported on October 5, 2026, the manufacturer said its share of the electric four-wheeler cargo light commercial vehicle segment had risen from under 2% to approximately 25%.

The company also described itself as the segment's second-largest electric player. These are company-reported figures, rather than an independently verified market assessment by BestEV.

## Euler Motors' growth in numbers

| Indicator | Company-reported figure |
| --- | --- |
| Share of electric four-wheeler cargo LCVs | Nearly 25% |
| Cumulative sales across Storm EV and Turbo EV 1000 | Around 6,500 units |
| Monthly volumes in early 2025 | Approximately 50 units |
| Monthly volumes by September 2026 | Nearly 1,000 units |
| Electric penetration in the four-wheeler cargo category | Increased from about 1% to around 5% |

The 25% figure refers to Euler's share within the **electric four-wheeler cargo LCV segment**. It is not a share of all commercial vehicles, all LCVs or the overall EV market. The approximately 6,500-unit figure is cumulative, rather than September sales alone.

## Storm EV and Turbo EV 1000 lead the expansion

Euler's four-wheeler business centres on the Storm EV and the Turbo EV 1000. The latter is positioned as a one-tonne electric cargo truck, while the Storm EV portfolio includes advanced driver assistance features.

Together, the vehicles address demand for electric goods transport. Their commercial appeal depends on how effectively they meet everyday delivery requirements alongside ownership costs.

## Upfront pricing becomes part of the EV case

Euler attributes part of its growth to pricing close to comparable diesel trucks, alongside lower running costs. The company says electric alternatives previously carried an upfront premium of around 30-40%.

For a business buyer, narrowing that purchase-price gap can make an EV easier to consider. However, claimed savings should be checked against the chosen variant, financing terms, electricity tariff and actual workload.

## Delhi leads, with traction in other states

Euler reports close to 50% share of Delhi's electric four-wheeler cargo market. Its reported shares are approximately 25% in Maharashtra and 32% in Rajasthan.

The company also puts electric penetration in the relevant category at 8.7% in Maharashtra and above 11% in Rajasthan. These penetration figures describe EV adoption within the category, whereas Euler's market shares describe its position among electric vehicles.

## What fleet buyers should check

BestEV's view is that sales momentum provides a reason to shortlist a vehicle, while a route-specific trial provides the stronger buying evidence.

Operators should check daily distance with a full load, charging availability during parking hours, local service support and the cost of downtime. A comparison should include finance, insurance, maintenance and electricity expenses alongside the purchase price.

For more market context, read our [India electric LCV sales analysis](https://bestev.in/news/electric-lcv-sales-double-in-india-as-euler-motors-emerges-strong-no-2-cec45aa3591042d1a12464916a767ede).

*Reporting basis: Euler Motors' company-reported update, covered by [ETAuto on October 5, 2026](https://auto.economictimes.indiatimes.com/news/commercial-vehicle/euler-motors-says-its-electric-4w-cargo-market-share-rises-to-nearly-25/134706669). Image credit: Euler Motors.*

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