Mahindra Last Mile Mobility Limited Continues to Dominate Electric Three-Wheeler Market in India
#MahindraEV #MahindraElectricThreeWheeler #MahindraLastMileMobility“In FY24, our customer-first approach has helped intensify our efforts to electrify the last mile transportation space. Sales of 40000 e-3-wheelers within eight months reflects the inclusive income generation our EVs accord to the drivers. We’re committed to enhancing our customer’s lives by consistently delivering value-for-money, innovative and sustainable last-mile mobility solutions."- Suman Mishra, MD and CEO, MLMML
Feb 2024 : Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Limited, continues to dominate the electric three-wheeler market. According to the Vahan portal, MLMML currently has a market share of 9.3 percent in the electric three-wheeler space in India. In the L5 EV category, MLMML is the leader with a 55.1 percent market share, YTD FY24.
In just eight months, MLMML has demonstrated remarkable growth selling 40000 EVs. This momentum was fuelled by the launch of two new products – Treo Plus as well as the e-Alfa Super rickshaw and cargo variants. This significant achievement showcases the accelerating demand for Mahindra's electric vehicles and highlights the company's commitment to pioneering sustainable last-mile mobility solutions. To meet this sustained demand for three-wheeler EVs, production has been increased threefold. MLMML’s manufacturing plants are situated in Bengaluru, Haridwar and Zaheerabad.
The diverse range of three-wheeler EVs, offered by MLMML, includes the Treo, Treo Plus, Treo Zor, Treo Yaari, Zor Grand, e-Alfa Super, and e-Alfa Cargo.
Suman Mishra, MD and CEO, MLMML said “In FY24, our customer-first approach has helped intensify our efforts to electrify the last mile transportation space. Sales of 40000 e-3-wheelers within eight months reflects the inclusive income generation our EVs accord to the drivers. We’re committed to enhancing our customer’s lives by consistently delivering value-for-money, innovative and sustainable last-mile mobility solutions."
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