Mahindra Electric Mobility Limited, part of the Mahindra Group, as per SIAM FY 2022 data, was able to capture 73.4% electric three-wheeler market in India. The OEM claims that this market share makes it the number one electric three-wheeler company in the country.
The OEM noted that Treo, one of its offerings in the electric three-wheeler passenger segment, was its top selling product in India. Treo, as per Mahindra, was able to capture 70.4% market share of the electric two-wheeler passenger market. Treo Zor, Mahindra's offering in the electric three-wheeler cargo segment, was able to capture 52.1% of the cargo three-wheeler market (electric).
SIAM data shows that Mahindra was able to post a growth of 214% in FY 2022, when compared to FY 2021.It is to be noted here that Mahindra Electric offers Treo auto, Treo Yaari, Treo Zor, e Alfa Mini and e Alfa Cargo electric three-wheelers in the Indian market. Treo, as a matter of fact, is first Li-ion electric three-wheeler platform to cross 18000+ sales since launch.
Suman Mishra, CEO of Mahindra Electric Mobility Limited said, “I am delighted that over this past year, we have significantly expanded our EV footprint while reducing pollution (that would otherwise have needed 20 Lakh trees to be planted) and contributed to the Government’s vision of sustainable development. I would like to share this success with our stakeholders and expect to maintain this momentum in FY’23 through a range of exciting products and solutions in the last mile mobility space.”
Mahindra claims that its last mile products have cumulatively travelled more than 427 Million kilometre and saved more than 42835 metric tonne CO2.