In FY23, MLMM added Zor Grand to its portfolio, which alone contributed over 23,000 units
Post Date – 11:30 PM, Tuesday – 6/13/23
Hyderabad: Mahindra Last Mile Mobility (MLMM), a unit of Mahindra & Mahindra, said in a press release that it has emerged as the leader in electric three-wheeler manufacturing in FY23 with sales of 36,816 units and a market share of 14.6%. In a statement, the company said MLMM sold 17,522 units in FY22 for a market share of 7.6%.
In FY23, MLMM added the Zor Grand to its portfolio, which alone contributed over 23,000 units. Additionally, the company’s electric portfolio includes the Treo range of vehicles as well as the Alfas – Mini and Cargo. Overall, it has sold more than 100,000 tricycles to date.
Suman Mishra, Chief Executive Officer of LMM, said: “In FY2023, we continued to maintain our market leadership in the electric three-wheeler segment with the highest market share. Our extensive experience and leadership in this field.”
MLMM has installed 1,150 touchpoints across India and installed more than 10,000 charging stations across touchpoints, the press release said. MLMM said the lithium-ion powered Mahindra Treo continued to be the leading EV.
