Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Limited, has solidified its position as India’s top electric three-wheeler manufacturer, achieving a remarkable milestone in FY24. With over 1.4 Lakh electric vehicles sold to date, MLMML boasts a 9.3% market share in the overall electric three-wheeler market, making it the undisputed leader.
In the L5 EV category, MLMML commands an impressive 55.1% market share, YTD FY24. This outstanding success is attributed to the company’s dedication to innovation, sustainability, and delivering value-for-money last-mile mobility solutions.
Within a span of just eight months, MLMML has experienced rapid growth, selling 40,000 electric three-wheelers. The launch of two new products, Treo Plus and the e-Alfa Super rickshaw and cargo variants, played a pivotal role in driving this momentum. To meet the escalating demand for three-wheeler EVs, MLMML has tripled its production capacity, with manufacturing plants located in Bengaluru, Haridwar, and Zaheerabad.
The diverse lineup of three-wheeler EVs by MLMML includes Treo, Treo Plus, Treo Zor, Treo Yaari, Zor Grand, e-Alfa Super, and e-Alfa Cargo, offering a wide range of options to cater to various market segments.
Suman Mishra, MD and CEO of MLMML, expressed pride in the company’s customer-first approach, stating, “In FY24, our customer-first approach has helped intensify our efforts to electrify the last-mile transportation space. Sales of 40,000 e-3-wheelers within eight months reflect 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.”
As part of its commitment to customer safety and well-being, MLMML offers the UDAY program, providing drivers with a ₹10 Lakh accident insurance cover for the first year upon purchasing an MLMML EV.
This achievement underscores Mahindra Last Mile Mobility Limited’s commitment to pioneering electric mobility solutions and contributing to a sustainable future.
