Tuesday | Apr 08 2025 | 06:54:38 AM
Mahindra Last Mile Mobility (MLMML), Indian commercial electric vehicle (EV) manufacturer, has reaffirmed its market dominance in FY25 – the fourth time in a row. With its flagship brands Treo and Zor Grand, MLMML has driven electrification in the L5 category, contributing to a significant 24.2 per cent EV penetration in the segment. This marks a substantial increase from 16.9 per cent EV penetration in FY24.
MLMML's market share in the L5 category stands at an impressive 37.3 per cent, despite stiff competition from legacy players and new entrants.
The company has achieved notable milestones, including:
In FY25, MLMML expanded its product portfolio with the launch of the Treo with a metal body and the Mahindra Zeo, its first-ever 4W electric commercial SCV. The Mahindra Zeo, following on the footsteps of its e-3W stablemates, has started off on its 4W cargo electrification journey.
