Mahindra Leads India’s Electric Three-Wheeler Market

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The company highlights its impressive expansion, having sold 40,000 electric vehicles within an eight-month period.

Mahindra Last Mile Mobility Limited (MLMML), a key subsidiary of Mahindra & Mahindra Limited, solidifies its leadership in India’s electric three-wheeler sector, marking a pivotal achievement in the fiscal year 2024. According to data from the Vahan portal, MLMML has risen to become India’s premier electric three-wheeler manufacturer, boasting sales of over 140,000 electric vehicles to date. In the competitive landscape of India’s electric three-wheeler market, MLMML boasts a significant 9.3% market share, further establishing its dominance with a substantial 55.1% share in the L5 EV category for the year-to-date in FY24.

Over a period of just eight months, MLMML has reported extraordinary expansion, with sales reaching 40,000 electric vehicles. This surge in growth is attributed to the successful introduction of two innovative products – the Treo Plus and the e-Alfa Super in both passenger and cargo variants. To address the growing demand for electric three-wheelers, MLMML has significantly increased its production capabilities, tripling its capacity across manufacturing facilities in Bengaluru, Haridwar, and Zaheerabad.

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The diverse portfolio of MLMML’s three-wheeler electric vehicles, including models like the Treo, Treo Plus, Treo Zor, Treo Yaari, Zor Grand, e-Alfa Super, and e-Alfa Cargo, serves a wide range of transportation needs.

Suman Mishra, the Managing Director and CEO of MLMML commented on the company’s achievements, noting that the fiscal year 2024 has served as a clear indicator of their commitment to prioritizing customers and advancing their goal of electrifying last-mile transportation. He pointed out that selling 40,000 electric three-wheelers within a mere eight months illustrates the role of electric vehicles in creating inclusive income opportunities for drivers. Mishra emphasized the company’s steadfast commitment to improving customer lives by consistently offering innovative, cost-effective, and eco-friendly solutions for last-mile mobility.

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