Mahindra becomes highest-selling electric 3-wheeler brand in FY2024

In the L5 EV category, the company has the highest market share of 55.1%.

Mahindra Last Mile Mobility Limited, a subsidiary of Mahindra & Mahindra, sold more than 1.4 lakh electric 3-wheelers in FY2024, becoming the highest-selling electric 3-wheeler brand in India.

Mahindra sold 40,000 EVs in less than 8 months, gaining a market share of 9.3% in the electric 3-wheeler segment in India. In the L5 EV category, the company has the highest market share of 55.1%.

Mahindra currently offers a wide range of EVs, including the Treo, Treo Plus, Treo Zor, Treo Yaari, Zor Grand, e-Alfa Super and e-Alfa Cargo. To meet the growing demand, there has been a three-fold increase in production at its manufacturing plants located in Bangalore, Haridwar and Zaheerabad.