During the initial eight months of FY24, Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Limited, accomplished the sale of 40,000 electric vehicles (EVs). This achievement is attributed to the launch of two new products, Treo Plus and e-Alfa Super rickshaw and cargo variants.
MLMML continues to dominate the electric three-wheeler market in India, holding a market share of 9.3%. In the L5 EV category, the company leads with an impressive 55.1% market share for YTD FY24. This success reflects the growing demand for Mahindra’s EVs and underscores the company’s commitment to providing sustainable last-mile mobility solutions.
To meet the increasing demand, MLMML has tripled its production, with manufacturing plants located in Bengaluru, Haridwar, and Zaheerabad.
Suman Mishra, MD and CEO of MLMML expressed the company’s dedication to electrifying last-mile transportation and enhancing the lives of customers through innovative and value-for-money EV solutions. The UDAY program, offering accident insurance cover of INR 10 Lakh for the first year upon purchasing an MLMML EV, further emphasizes the customer-centric approach of the company.
