Mahindra Last Mile Mobility Limited (MLMML), India's leading 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% EV penetration in the segment. This marks a substantial increase from 16.9% EV penetration in FY24.
MLMML's market share in the L5 category stands at an impressive 37.3%, despite stiff competition from legacy players and new entrants.
The company has achieved notable milestones, including:
- Becoming the first to sell over 2 lakh commercial EVs
- Selling over 1 Lakh units of the Treo, India's No.1 electric auto
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 stable mates, has started off on its 4W cargo electrification journey.
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