Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra, sold 36,816 EVs holding a market share of 14.6% in FY23. This is significantly up from FY22’s performance of 17,522 units and a 7.6% market share. The widespread 1,150 touch points across India, 10 000+ charging stations set up, and the Mahindra brand reliability have helped LMM retain its top-notch EV manufacturer position.
In FY23, LMM added a 3-wheeler EV - Zor Grand, contributing to an order book of more than 23,000 within a year of its launch. Apart from the Zor Grand, the company's electric portfolio comprises the Treo range of vehicles and the Alfas – Mini and Cargo.
Suman Mishra, CEO, LMM, said, “In FY23, we continued our market leadership in electric 3-wheelers with the highest market share. In June 2023, 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.”