Ad

Ad

Mahindra Last Mile Mobility is India’s No.1, electric 3-wheeler manufacturer and sold 36,816 EVs in FY23


By Priya SinghUpdated On: 13-Jun-2023 11:26 AM
noOfViews3,284 Views

Follow Us:follow-image
Shareshare-icon

ByPriya SinghPriya Singh |Updated On: 13-Jun-2023 11:26 AM
Share via:

Follow Us:follow-image
noOfViews3,284 Views

The extensive 1,150 touchpoints across India, the installation of 10,000+ charging stations, and the Mahindra brand's dependability have all contributed to Mahindra LMM maintaining its No.1* EV manufacturer position.

The extensive 1,150 touchpoints across India, the installation of 10,000+ charging stations, and the Mahindra brand's dependability have all contributed to Mahindra LMM maintaining its No.1* EV manufacturer position.

Mahindra Zor Grand.webp

In FY23, Mahindra Last Mile Mobility (LMM), a company of Mahindra & Mahindra, established itself as the No.1 electric 3-wheeler producer. During this time, Mahindra LMM sold 36,816 EVs and held a 14.6% market share. This is a considerable improvement as compared to the previous fiscal year's performance of 17,522 units and 7.6%* market share.

The extensive 1,150 touchpoints across India, the installation of 10,000+ charging stations, and the Mahindra brand's dependability have all contributed to Mahindra LMM maintaining its No.1* EV manufacturer position. Mahindra LMM added the Zor Grand, a powerful 3-wheeler EV in FY23. Zor Grand contributed to an order book of over 23,000 within a year of its launch.

Also Read: Mahindra launched its first Dual-Fuel commercial vehicle: Mahindra Supro CNG Duo

LMM's electric lineup also includes the Treo and Alfas - Mini and Cargo - in addition to the Zor Grand. Based on the faith placed in Mahindra by clients, LMM has sold over one lakh 3-wheeler EVs to date.

The Li-ion-powered Mahindra Treo remains the market leader in electric vehicles, while its cargo variants, the Treo Zor and Zor Grand, have a 32% market share. The 50 000th Mahindra eAlfa was recently rolled out of the Haridwar factory.

LMM has also announced the addition of a new line for its Treo vehicle at its Haridwar site, and work on expanding the Zaheerabad plant has begun. The latter will produce electric three- and four-wheelers for last-mile mobility.

“We passed the one lakh EV sales mark in June '23, demonstrating our substantial experience and leadership in this market. We will continue to seek to provide innovative, sustainable, and economical last-mile mobility solutions that improve the lives of our loyal clients while helping the country meet its carbon emission targets," said Suman Mishra, CEO of LMM.

News


EKA Mobility and Chartered Speed to Deploy 675 Electric Buses in Rajasthan

EKA Mobility and Chartered Speed to Deploy 675 Electric Buses in Rajasthan

EKA Mobility and Chartered Speed to deploy 675 electric buses in Rajasthan under the PM e-Bus Scheme for cleaner transport....

29-Apr-25 12:39 PM

Read Full News
Electric Bus Deliveries to BEST Lag Behind Schedule: Only 536 Supplied in 3 Years

Electric Bus Deliveries to BEST Lag Behind Schedule: Only 536 Supplied in 3 Years

Olectra delivered only 536 of 2,100 e-buses to BEST in 3 years, causing service issues across Mumbai....

29-Apr-25 05:31 AM

Read Full News
Mahindra Strengthens Commercial Vehicle Position with INR 555 Crore Acquisition of 58.96% Stake in SML Isuzu

Mahindra Strengthens Commercial Vehicle Position with INR 555 Crore Acquisition of 58.96% Stake in SML Isuzu

Mahindra acquires 58.96% stake in SML Isuzu for INR 555 crore, aiming to expand in the trucks and buses sector....

28-Apr-25 08:37 AM

Read Full News
CMV360 Weekly Wrap-Up | 20th–26th April 2025: Key Developments in Sustainable Mobility, Electric Vehicles, Tractor Leadership, Technological Innovation, and Market Growth in India

CMV360 Weekly Wrap-Up | 20th–26th April 2025: Key Developments in Sustainable Mobility, Electric Vehicles, Tractor Leadership, Technological Innovation, and Market Growth in India

This week’s wrap-up highlights India’s advancements in electric vehicles, sustainable logistics, tractor leadership, AI-driven farming, and market growth....

26-Apr-25 07:26 AM

Read Full News
Chennai MTC to Get 625 Electric Buses from July, TN to Add 3,000 New Buses Soon

Chennai MTC to Get 625 Electric Buses from July, TN to Add 3,000 New Buses Soon

Tamil Nadu (TN) to add 8,129 new buses, including electric and CNG, starting with 625 e-buses in Chennai from July....

25-Apr-25 10:49 AM

Read Full News
Montra Electric Opens e-SCV Dealership in Uttar Pradesh with MG RoadLink

Montra Electric Opens e-SCV Dealership in Uttar Pradesh with MG RoadLink

Montra Electric opens its first e-SCV dealership in Uttar Pradesh, offering EVIATOR sales and service support in Lucknow with MG RoadLink....

25-Apr-25 06:46 AM

Read Full News

Ad

Ad

web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.