• Mahindra is the flagbearer of electrification in the L5 segment which saw the EV penetration increase to 21.7% YTD FY25 from 7.6% in FY23 as per Vahan.
• More than 100,000 EVs were sold by Mahindra in the last 17 months, supported by the launch of new technologically advanced products like Treo Plus, e-Alfa Plus and Mahindra ZEO.
• Mahindra holds a 41.2 % market share, as per SIAM, across the L5 EV category.
• Mahindra introduces a new loyalty program, UDAY NXT, that now includes ₹ 20 Lakh* driver accidental insurance cover to vehicle buyers.

Mumbai, November 5, 2024 – Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Limited (M&M), proudly solidifies its position as India’s leading commercial EV manufacturer. With over 200000 electric vehicles sold till date, MLMML continues to set the benchmark in sustainable transportation and innovation within the commercial EV space.

Offering the most extensive range of technologically advanced small commercial electric vehicles in India, MLMML’s lineup includes Mahindra Treo range, e-Alfa range and Zor Grand three-wheelers. Building on its success in the three-wheeler category, MLMML has recently expanded its portfolio with the launch of Mahindra ZEO - an electric four-wheeler small commercial vehicle in the < 2 t segment.

MLMML’s largest sales/service network, and technologically advanced products built to enhance customers’ lives have also helped make the company the go-to electric last mile mobility manufacturer.

MLMML has made significant strides in electrifying the three-wheeler L5 segment, which has an overall 21.7 % penetration, YTD FY25, in this category as per Vahan. MLMML holds a 41.2 % market share across all L5 EVs as per SIAM. Remarkably, in the past 17 months, MLMML has achieved sales of over 100000 units, further solidifying its market dominance. MLMML has maintained its market share, in spite of stiff competition, by launching new customer-centric products like the Treo Plus and e-Alfa Plus in FY25. To meet the increasing demand, production at MLMML’s world-class manufacturing plants in Bengaluru, Haridwar and Zaheerabad has also been substantially increased.

To celebrate this momentous occasion, MLMML has introduced a new Loyalty Program, UDAY NXT, for its customers. Those who buy a new MLMML vehicle now will get ₹ 20 Lakh* driver accidental insurance cover, along with career counselling for customers’ kids, business/finance counselling and more. This program has been carefully curated taking into account customer needs and feedback. MLMML, in fact, was the first automobile manufacturer to introduce the highly-lauded UDAY program to support customers.

About Mahindra Last Mile Mobility Limited

Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Ltd (M&M), is India’s No.1 electric small commercial vehicle manufacturer. The company manufactures award-winning EVs like the Treo range, Zor Grand and e-Alfa. MLMML boasts the widest portfolio of electric, petrol, CNG, diesel last mile mobility three and four-wheeler passenger and cargo vehicles. The EV portfolio, including the ZEO 4W SCV, is complemented by the powerful yet fuel-efficient Alfa and Jeeto range of vehicles.

Learn more about MLMML on mahindralastmilemobility.com / X/LinkedIn/Instagram (@mahindralmm), and Facebook (@MahindraLastMileMobility).

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom

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