Euler Motors revenue surges to Rs 402 crore as losses widen to Rs 308 crore

Positive unit economics even as losses balloon

Euler Motors, a commercial EV maker, more than doubled its FY26 revenue to Rs 402 crore as EV adoption accelerates. However, widening cost pressures pushed losses up to Rs 308 crore. The company says its unit economics are now positive and expects to reach break-even in the next two to three years, despite the near-term strain.