Mahindra Last Mile Mobility (LMM), a division of the Mahindra & Mahindra group, has solidified its position as India’s leading electric 3-wheeler manufacturer in the financial year 2023.
Mahindra LMM Performance in 2023
During this period, LMM sold a staggering 36,816 electric vehicles (EVs), capturing a market share of 14.6%. This is a significant increase from the previous financial year’s performance of 17,522 units and a 7.6% market share.
The company’s success can be attributed to its widespread network of 1,150 touchpoints across India, over 10,000 charging stations, and the reliability of the Mahindra brand. In addition, the launch of the power-packed 3-wheeler EV, the Zor Grand, contributed to an order book of more than 23,000 within a year of its launch.
LMM’s electric portfolio also includes the Treo range of vehicles and the Alfas – Mini and Cargo. The company has sold a whopping one lakh 3-wheeler EVs to date, further strengthening its position as the No.1 3-wheeler EV manufacturer.
Suman Mishra, CEO of LMM, expressed her satisfaction with the company’s performance. “In FY23, we continued our market leadership in electric 3-wheelers with the highest market share. In June ‘23, we also reached the milestone of one lakh EV sales reflecting our deep experience and leadership in this space. We continue to work to provide innovative, sustainable, and affordable last mile mobility solutions, which help enhance the lives of our valued customers while contributing to the country’s carbon emission goals.”
The Li-ion powered Mahindra Treo continues to be the leading electric auto, while its cargo version, the Treo Zor and Zor Grand, lead their segment with a 32% share. Recently, the milestone 50,000th Mahindra eAlfa was rolled out from the Haridwar plant. LMM has also announced an additional line for its Treo auto at its Haridwar facility, while work on the expansion of the Zaheerabad plant has also started.
The Last Mile Mobility (LMM) division of M&M is responsible for the company’s acclaimed mix of electric, petrol, CNG, and diesel last mile mobility 3- and 4-wheelers – passenger and cargo vehicles. These include the Mahindra Jeeto 4-wheeler, Alfa 3-wheelers, and the electric-only Zor Grand and Treo range.