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Mahindra Last Mile Mobility Crosses 200,000 EV Sales in India


By Priya SinghUpdated On: 06-Nov-2024 06:59 AM
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ByPriya SinghPriya Singh |Updated On: 06-Nov-2024 06:59 AM
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MLMML has expanded its product lineup with the Mahindra ZEO, a small electric four-wheeler in the sub-2-ton segment.
According to SIAM data, Mahindra Last Mile Mobility holds a leading 41.2% share in the L5 EV category.

Key Highlights:

  • Mahindra Last Mile Mobility (MLMML) has sold over 200,000 electric vehicles in India.
  • EV market penetration in the L5 segment rose from 7.6% in FY23 to 21.7% in FY25.
  • In 17 months, MLMML sold 100,000 EVs, including models like Treo Plus and Mahindra ZEO.
  • MLMML holds a 41.2% market share in the L5 EV segment.
  • Mahindra expanded production and launched UDAY NXT, offering insurance and counseling for customers.

Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra, has achieved a major milestone, crossing 200,000 electric vehicle (EV) sales in India. This accomplishment strengthens Mahindra's position as a key player in India’s commercial EV market.

Growth in the L5 Segment 

MLMML has been instrumental in promoting electrification in the L5 commercial vehicle segment, which saw EV penetration rise from 7.6% in FY23 to 21.7% so far in FY25, according to Vahan data. 

Over the past 17 months, Mahindra has sold more than 100,000 EVs, with popular models like the Treo Plus, e-Alfa Plus, and the newly introduced Mahindra ZEO contributing to this growth.

Market Leadership and Expanding Portfolio 

The company’s range includes small commercial electric vehicles such as the Mahindra Treo, e-Alfa, and Zor Grand three-wheelers. Recently, MLMML has expanded its product lineup with the Mahindra ZEO, a small electric four-wheeler in the sub-2-ton segment. According to SIAM data, Mahindra Last Mile Mobility holds a leading 41.2% share in the L5 EV category. 

Increased Production and Customer Support Initiatives 

To meet rising demand, Mahindra has boosted production capacity at its manufacturing facilities in Bengaluru, Haridwar, and Zaheerabad. Additionally, the company introduced the UDAY NXT customer loyalty program, which offers benefits like ₹20 lakh driver accidental insurance, career counseling for customers’ children, and business and finance counseling services.

Suman Mishra, Managing Director and CEO of Mahindra Last Mile Mobility, highlighted the company’s dedication to innovation, stating that achieving 200,000 EV sales demonstrates Mahindra’s commitment to addressing the evolving needs of urban logistics.

About Mahindra Last Mile Mobility Limited

Mahindra Last Mile Mobility Limited (MLMML), a part of Mahindra & Mahindra Ltd (M&M), is India's top electric small commercial vehicle maker. MLMML produces popular electric vehicles like the Treo series, Zor Grand, and e-Alfa. 

Their wide range includes electric, petrol, CNG, and diesel options in three- and four-wheeler vehicles designed for passenger and cargo transport. Their electric lineup, including the ZEO 4W SCV, is backed by fuel-efficient models such as the Alfa and Jeeto series.

Also Read: Mahindra Last Mile Mobility Set to Launch Electric Four-Wheeler 'e-ZEO'

CMV360 Says

Mahindra Last Mile Mobility’s achievement of 200,000 EV sales shows the company’s strong focus on sustainable urban transport solutions. Its market leadership and customer-focused programs demonstrate its commitment to making EVs more accessible and practical for commercial use in India.

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