Mahindra Last Mile Mobility Limited (MLMML) has retained its position as India’s leading electric commercial vehicle maker for the fourth consecutive year in FY25. Its popular models, Treo and Zor Grand, have driven strong growth in the L5 segment, boosting EV penetration to 24.2%, up from 16.9% 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 4-wheeler electric SCV. The Mahindra ZEO, following on the footsteps of its electric 3-wheeler stablemates, has started off on its 4-wheeler cargo electrification journey.
