India’s logistics and last-mile delivery ecosystem is undergoing a massive electrification shift in 2026. With rising diesel costs, ESG mandates from e-commerce platforms, and strong government incentives like FAME-II, fleet operators are now actively transitioning to electric cargo vehicles for:
- E-commerce delivery
- FMCG distribution
- Hyperlocal logistics
- B2B industrial supply
- Cold chain & pharma delivery
- In-plant factory logistics
Among the fastest-growing commercial EV cargo vehicles in India right now are:
✔ Tata Ace EV
✔ Switch Mobility IeV3
✔ Euler HiLoad EV
But which one actually offers:
- Better payload capacity?
- Higher real-world range?
- Maximum subsidy benefits?
- Lowest running cost per km?
- Faster charging uptime?
- Best Total Cost of Ownership (TCO)?
Let’s explore this in-depth 2026 fleet comparison guide for logistics operators 👇
Tata Ace EV vs Switch IeV3 vs Euler HiLoad EV – Full Specification Comparison
| Specification | Tata Ace EV | Switch IeV3 | Euler HiLoad EV |
|---|---|---|---|
| Vehicle Category | Electric Mini Truck | Electric LCV | Electric 3W Cargo |
| Wheel Configuration | 4 Wheeler | 4 Wheeler | 3 Wheeler |
| Payload Capacity | 600 – 750 kg | Up to 1,250 kg | 688 – 763 kg |
| Battery Capacity | 21.3 kWh | 25.6 kWh | ~12.96 kWh |
| Battery Chemistry | LFP | NMC Li-ion | Lithium-ion |
| Certified Range | 154 – 155 km | 120 – 140 km | 110 – 170 km |
| Real-World Range | 110 – 130 km | 100 – 120 km | 90 – 120 km |
| Motor Power | 27 kW | 40 kW | 10.96 – 11.7 kW |
| Peak Torque | 130 Nm | 190 Nm | 88.5 Nm |
| Gradeability | 22% | 25% | 14% |
| Charging Type | AC + DC Fast | DC Fast | AC Charging |
| Fast Charging Time | ~105 min | ~55 min | NA |
| AC Charging Time | 6–7 Hours | 7–8 Hours | 3.5–5 Hours |
| Top Speed | 60 km/h | 70 km/h | 45 km/h |
| Gross Vehicle Weight | 1,840 kg | 2,590 kg | 1,413 kg |
| Battery Warranty | 7–8 yrs / 1.75L km | 5+2 yrs | 5+2 yrs |
| Vehicle Warranty | 3 yrs | 3 yrs | 5 yrs |
| IP Rating | IP67 | IP67 | IP67 |
| Starting Ex-Showroom Price | ₹10.5L – ₹11.5L | ₹12.3L+ | ₹3.94L – ₹4.32L |
Official Website & Brochure Download Links
🔹 Tata Ace EV
- Official Website:
https://smalltrucks.tatamotors.com/tata-ace-ev - Brochure Download:
https://smalltrucks.tatamotors.com/assets/smalltrucks/files/2025-01/Ace%20EV-Brochure.pdf
🔹 Switch Mobility IeV3
- Official Website:
https://www.switchmobilityev.com/iev3 - Brochure Download:
https://www.switchmobilityev.com/themes/custom/switchmobility/resources/pdf/IeV3-Single-Brochure_v4-Digital.pdf
🔹 Euler HiLoad EV
- Official Website:
https://www.euler.in/hiload - Brochure Download:
https://pdf-assets.tractorjunction.com/truck-junction/assets/brochures/euler-hiload-ev-1768633914.pdf
City-Wise Ex-Showroom Price (After FAME-II Subsidy – Estimated)
| City | Tata Ace EV | Switch IeV3 | Euler HiLoad EV |
|---|---|---|---|
| Delhi NCR | ₹10.5L | ₹12.32L | ₹3.94L |
| Mumbai | ₹10.7L | ₹12.5L | ₹4.05L |
| Bangalore | ₹10.8L | ₹12.7L | ₹4.20L |
| Hyderabad | ₹10.6L | ₹12.4L | ₹4.10L |
| Ahmedabad | ₹10.55L | ₹12.35L | ₹4.00L |
| Lucknow | ₹10.5L | ₹12.3L | ₹3.98L |
| Jaipur | ₹10.6L | ₹12.45L | ₹4.05L |
| Chennai | ₹10.75L | ₹12.6L | ₹4.18L |
| Kolkata | ₹10.65L | ₹12.4L | ₹4.08L |
Final on-road pricing may vary depending on state EV policy, insurance, registration & permit exemption.
FAME-II Subsidy for Electric Cargo Vehicles
Fleet buyers purchasing commercial EVs for logistics are eligible for:
- ₹10,000 per kWh Central Subsidy
- Maximum subsidy up to ₹1.5 lakh
- State EV policy incentives
- Road tax exemption
- Registration fee waiver
- Commercial permit relaxation
Additional State Subsidy (Logistics EV Fleets)
| State | Additional Benefit |
|---|---|
| Delhi | Up to ₹1.5L |
| Uttar Pradesh | ₹1L+ |
| Maharashtra | ₹1L |
| Gujarat | ₹75K |
| Telangana | ₹60K |
| Tamil Nadu | Road Tax Waiver |
Battery Technology & Thermal Management
| Model | Battery Type | Cooling | Fleet Suitability |
|---|---|---|---|
| Tata Ace EV | LFP | Passive Cooling | Long lifecycle urban logistics |
| Switch IeV3 | NMC Li-ion | Liquid Cooling | Heavy-duty industrial fleet |
| Euler HiLoad EV | Li-ion | BTMS | Hyperlocal delivery |
- LFP Battery (Tata) → Safer & longer life cycles
- Liquid Cooling (Switch) → Ideal for high-load continuous operation
- BTMS (Euler) → Better temperature control in city driving
Logistics Use-Case Suitability
| Use Case | Recommended Vehicle |
|---|---|
| Amazon / Flipkart Delivery | Tata Ace EV |
| FMCG Distribution | Switch IeV3 |
| Grocery Delivery | Euler HiLoad |
| Pharma Cold Chain | Switch IeV3 |
| Kirana Logistics | Euler HiLoad |
| Parcel Transport | Tata Ace EV |
| B2B Industrial Supply | Switch IeV3 |
| Milk Distribution | Tata Ace EV |
| Food Delivery Logistics | Euler HiLoad |
Running Cost & Energy Consumption
| Model | Electricity Consumption | Cost per Km |
|---|---|---|
| Tata Ace EV | 6–7 km/kWh | ₹1.2 – ₹1.5 |
| Switch IeV3 | 5–6 km/kWh | ₹1.4 – ₹1.7 |
| Euler HiLoad | 8–9 km/kWh | ₹0.6 – ₹0.8 |
Compared to diesel mini trucks (₹4 – ₹6/km), electric cargo vehicles offer:
- 70% lower fuel cost
- 40% lower maintenance
- 25–30% higher uptime
Total Cost of Ownership (TCO) – 5 Year Estimate
| Model | Diesel Equivalent Cost | EV Ownership Cost | Savings |
|---|---|---|---|
| Tata Ace EV | ₹14L+ | ₹9L | ₹5L |
| Switch IeV3 | ₹18L+ | ₹12L | ₹6L |
| Euler HiLoad | ₹7L+ | ₹4.5L | ₹2.5L |
Final Verdict: Which EV Cargo Vehicle is Best in 2026?
Choose Tata Ace EV if you want
- Trusted brand
- Longest battery warranty
- Stable resale value
- E-commerce delivery usage
Choose Switch IeV3 if you want
- 1.25 Ton payload
- Faster DC charging
- Heavy industrial logistics
- Cold chain transport
Choose Euler HiLoad EV if you want
- Lowest acquisition cost
- Best ROI for last-mile delivery
- Kirana & grocery logistics
- Lowest running cost
Frequently Asked Questions (FAQs)
Q1. Which EV cargo vehicle offers highest payload in India?
Switch IeV3 offers up to 1,250 kg payload capacity.
Q2. Which electric cargo vehicle is best for intracity logistics?
Euler HiLoad EV due to low running cost.
Q3. Is Tata Ace EV eligible for FAME-II subsidy?
Yes, commercial electric mini trucks qualify for central + state incentives.
Q4. What is the battery warranty on Tata Ace EV?
Up to 7–8 years or 1.75 lakh km.
Q5. Which EV cargo vehicle is best for e-commerce fleet?
Tata Ace EV for medium load, Euler HiLoad for hyperlocal.
If you’re planning to deploy an EV logistics fleet in Delhi NCR or Uttar Pradesh, switching to electric cargo vehicles in 2026 can reduce operating costs by up to 60% annually while improving ESG compliance for your logistics contracts.
