Error code _ IS-PL01

Hi,

I am unable to install unreal engine 4.24.0 on my machine. I get error code as ‘IS-PL01 - Maximum path length exceeded. Please specify a shorter install location.’

I am installing on my C:\Program Files (x86)\Epic Games path which is default path while installation.

Can you please look into the matter and explain me the issue, so I can take appropriate steps to make it work.

Thanks

Same issue / code with 4.24.1