Indian illustrator and visual artist Anand RK and investigative journalist Suparna Sharma, along with Bloomberg’s investigative reporter Natalie Obiko Pearson, have won the 2026 Pulitzer Prize in Illustrated Reporting and Commentary for trAPPed
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Amazon Great Summer Sale 2026 starts 8th May: Big discounts on appliances, extra bank deals, and early offers revealedAmazon Great Summer Sale is coming in 3 days: Huge price cuts on
Chennai Super Kings travel to the Arun Jaitley Stadium on Tuesday for their IPL 2026 clash against Delhi Capitals, as the cash-rich T20 franchise league enters the business end of the season. The enticing matchup will pit CSK head coach Stephen Fleming against DC’s Hemang Badani
Mirinda’s ‘Smile Please’ Campaign Brings a Fresh, Youth-First Energy to Everyday MomentsWith 'Smile Please', Mirinda introduces a vibrant visual identity and interactive packaging to inspire joy and community connection. Published on: May 05
After three weeks on the sidelines nursing a hamstring injury, Rohit Sharma made a grand return to IPL 2026 at the Wankhede Stadium on Monday. Rohit wasted little time reminding everyone of his class, producing 84 off 44 balls (6x4, 7x6) to breathe life back into Mumbai Indians’ flickering
Euler Motors doubles FY26 revenue to Rs 402 crore

Euler Motors, which manufactures , more than doubled its revenues in fiscal 2026 to Rs 402 crore, founder and CEO Saurav Kumar said, driven by rising EV adoption across segments.
Assembly Elections 2026
The Delhi-based company, backed by and , also saw losses widen 50% to Rs 308 crore, even as operating margins improved. Kumar said the company expects to break even in the next two to three years. For FY26, it reported an Ebitda margin of -62.9% compared to -119% in FY25 — showcasing improved operating leverage. However, cost increases dragged down the company's bottomline.
“We have seen cost pressures across multiple areas. Memory chip prices surged due to AI-driven demand, in some cases rising 2-4x. Lithium (battery) prices impacted overall vehicle costs by around 4%. There were also increases in the cost of aluminium, copper, plastics, and other materials, partly due to geopolitical factors,” Kumar told ET.
Euler Motors said it had absorbed part of the costs pressures while passing on some through price hikes across its three- and four-wheeler models.
Total expenses rose to Rs 741 crore from Rs 464 crore a year earlier, led by higher material costs of Rs 356 crore in line with volume growth.
Employee benefit expenses increased 40% to Rs 104 crore due to hiring for manufacturing scale-up and after-sales operations. Depreciation and amortisation nearly doubled to Rs 50 crore, while finance costs rose 57% to Rs 37 crore following an expanded asset base after its Rs 638 crore (about $75 million) funding round in May 2025.
Founded in 2018, Euler Motors has raised over $200 million to date.
In FY26, the company delivered 7,576 electric vehicles (EVs), up 181% from 4,172 units a year earlier. Volumes grew 38% quarter-on-quarter on average, while revenues rose 43%.
“The four-wheeler cargo EV has been a standout. We entered the segment relatively late when penetration was about 1%, and it has now grown to around 3.4%. We have captured roughly 25-26% market share in that segment,” Kumar said.
“We have already achieved positive unit economics and are no longer losing money on each vehicle sold. That is a key milestone. Going forward, we are shifting from a ‘growth at all costs’ mindset to a more balanced approach focussed on profitability and sustainable scale,” he added.
Euler is among the EV makers that remain outside the government’s auto production-linked incentive (PLI) scheme due to stringent eligibility criteria, putting them at a cost disadvantage versus traditional OEMs.
Source: EconomicTimes
Related Posts: Tata Motors Limited Reports Rs 867 Crore Loss For Q2 FY26 Nazara Technologies Q3 FY26 revenue dips 24% to Rs 406 crore Zerodha sees 40% drop in brokerage revenue in Q1 FY26 Delhivery Slips Into Losses Despite Posting 17% Revenue Rise In Q2 FY26 Net profit more than doubles to Rs 692 crore Kalyan Jewellers Q3 net profit nearly doubles YoY to Rs 416 crore GST Cuts To Add Rs 1 Lakh Crore To Consumption In FY26 Auto sales in India surge to all-time high of ~3 crore units in FY26 on GST 2 WeWork India posts Rs 17 crore profit in December quarter on revenue growth Godrej Properties expects Rs 450 crore revenue from plots as it buys 44-acre land in Coimbatore
IPL 2026 DC vs CSK Live Cricket Score, Delhi Capitals vs Chennai Super Kings Today Match Updates: Delhi Capitals must rediscover consistency after three painful home defeats as they face Chennai Super Kings, with both sides on eight points from nine games.IPL 2026 DC vs CSK Live Cricket Score
1 minutes ago
Phil Foden has reached an agreement in principle over a new four-year deal at Manchester City. The 25-year-old's current contract was due to expire next summer but fresh terms will keep him at Etihad Stadium until 2030, with the option of another year
1 minutes ago
Where is KC-135 tanker? US flying gas station reportedly goes missing over Qatar: ‘7700 distress signal issued’A Boeing KC-135 Stratotanker transmitted a 7700 distress signal over the Persian Gulf, but CENTCOM has not confirmed any crash or emergency. Updated on: May 05
1 minutes ago
Study of seasonal pollutant trends key to tackling air pollution: DataStudy of seasonal pollutant trends key to tackling air pollution: Data Published on: May 05, 2026 5:09 PM IST PTI Share via Copy link New Delhi, A decade-long analysis of air quality data shows that pollutants in Indian cities
1 minutes ago
AP POLYCET Result 2026 Out: The State Board of Technical Education and Training (SBTET), Andhra Pradesh, has announced the Polytechnic Common Entrance Test (POLYCET) or AP POLYCET 2026 results today, May 5. Candidates who took the exam can check their results and rank cards on the official website
1 minutes ago
Zoë Kravitz keeps her rumoured engagement ring hidden behind her gown at 2026 Met Gala; Harry Styles skips eventFans eager to get a peak at Zoe Kravitz's rumoured engagement ring were left disappointed after the Met Gala, as she chose to hide it in photos. May 5, 2026
1 minutes ago
Sensex Today: The Nifty50 and Sensex gave up their previous session’s gains, dragged lower by weakness in banking, realty, oil and gas stocks amid rising concerns over escalating tensions in West Asia. The Nifty50 declined 86.50 points, or 0.36%, to close at 24,032.80, while the Sensex fell 251
1 minutes ago
Arsenal’s fledgling and uncertain hopes for a long-awaited English Premier League title received a massive boost on Monday, after title challengers Manchester City drew 3-3 with Everton and dropped points, helping Arsenal strengthen their position at the top
1 minutes ago
The National Company Law Appellate Tribunal on Monday dismissed two petitions by Vedanta Limited against Adani Enterprises being selected to acquire debt-ridden company Jaiprakash Associates, The Indian Express reported. Vedanta had not made any grounds for the National Company Law Tribunal to
1 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Need instant cooling? These heavy-duty ACs cool a room in under 5 minutesRooms heating up fast? These ACs cool in minutes, handle voltage swings, and run efficiently
1 minutes ago
RSSB Lab Assistant Admit Card 2026 releasing today at rssb.rajasthan.gov.in, here's how to downloadRSSB Lab Assistant Admit Card 2026 will be released today, May 5, 2026. The steps to download the hall ticket is given here. Published on: May 05
1 minutes ago
The Trinamool Congress focused on Bengali identity, but voters prioritized economic issues. Unemployment and corruption overshadowed cultural concerns. The BJP countered by highlighting governance failures. This shift proved decisive, leading to a verdict on administration rather than identity
1 minutes ago
Are you eating watermelons wrong? Doctor shares this one big mistake: ‘Avoid eating late at night to prevent…’Find out what the correct timings and healthy portion sizes are to eat watermelon properly. Published on: May 05, 2026 5:34 PM IST By Adrija Dey Share via Copy link Watermelon is a
1 minutes ago
As temperatures continue to soar across India, heatwaves are no longer just a seasonal discomfort but a growing public health concern. Increasingly frequent and intense, these extreme weather events are affecting not only vulnerable populations but also otherwise healthy individuals
1 minutes ago
Skeet shooters miss out on final spots in ISSF World Cup ShotgunSkeet shooters miss out on final spots in ISSF World Cup Shotgun Published on: May 05, 2026 5:09 PM IST PTI Share via Copy link Almaty , Indian skeet shooters disappointed as they failed the reach the finals in both the men's and
1 minutes ago
The US and Iran are locked in a dangerous standoff, fueled by mutual miscalculations and overconfidence. Ancient Greek concepts of error and pride offer a framework for understanding the irrational risk of renewed war, as both sides overestimate their strengths and underestimate their weaknesses
1 minutes ago
Film star-turned-politician C Joseph Vijay is on the cusp of history in Tamil Nadu state. On Monday, his political party Tamilaga Vettri Kazhagam (TVK) defied all naysayers to almost sweep the state election, marking a break in the established political order
1 minutes ago
The Defence Research and Development Organisation (DRDO) has announced applications for its 2026 paid internship programme, offering engineering students an opportunity to gain hands-on experience in defence research and technology. The internship
1 minutes ago
AI is transforming India’s healthcare ecosystem, enabling faster diagnostics, smarter treatments, and wider access to care. The Healthcare & MedTech category recognises solutions delivering real-world impact and clinical accuracy. It celebrates innovations that are scalable, responsible
1 minutes ago
An explosion at a fireworks factory in China's Hunan province has killed 26 people and left 61 wounded, according to state media. Rescue operations have wrapped up at the Huasheng Fireworks plant in the southern city of Liuyang, after an explosion on Monday afternoon forced authorities to evacuate
1 minutes ago
Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. Apple executives have made visits to a Samsung plant under development in
1 minutes ago
Exclusive | Mehreen Pirzada on first meeting with husband Arsh Aulakh: I went to say no but…Actor Mehreen Pirzada who married Arsh Aulakh on April 26, shares all about their first meeting, brother-actor Gurfateh's reaction, honeymoon plans and more Published on: May 05
1 minutes ago
Badruddin Ajmal's AIUDF has seen a dramatic decline in Assam. The party, once a major force for Muslim minorities, now holds only two Assembly seats. This electoral rout signifies a significant shift in the state's political landscape. Minority votes have largely moved to the Congress party
1 minutes ago
GSEB SSC Result 2026 Date, Time: Gujarat Board 10th results releasing tomorrowGSEB SSC Result 2026 has been announced. The Gujarat Board 10th results will be declared tomorrow at 8 am. Updated on: May 05, 2026 3:22 PM IST By HT Education Desk | Edited by Papri Chanda Share via Copy link Gujarat
1 minutes ago
Congress leader Rahul Gandhi on Tuesday asked members of his party and others to avoid “gloating” about the defeat of the Trinamool Congress in the West Bengal Assembly elections. “Put petty politics aside,” said the Opposition leader. “This is not about one party or another
1 minutes ago
For years, most of us have grown up believing that a cavity automatically means a trip to the dentist for a filling. The familiar drill-and-fill approach has long been considered the default solution. But modern dentistry is gradually moving away from this mindset. Today
1 minutes ago
An audio clip of an employee angrily confronting his manager has caught the attention of social media users, many of whom said they could relate to the frustration in his voice. The man is heard complaining about long working hours, workplace pressure and a promotion that allegedly came with
1 minutes ago