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Euler Motors’ net loss widens to Rs 227 crore in FY24
- Electric commercial vehicle manufacturer Euler Motors reports a net loss of Rs 226.9 crore in FY24.
- Operating revenue increased by 3X to Rs 189 crore in FY24.
- Cost of materials consumed rose by 187% to Rs 198 crore, contributing to a total expense of Rs 420 crore in FY24.
- Euler Motors sold 3,700 vehicles and expanded its presence to 22 cities in FY24.
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