The Indian automobile industry is undergoing a significant transformation with the rise of electric vehicles (EVs). As sustainability becomes a priority, the demand for EVs has skyrocketed, especially in the commercial sector. Mahindra has successfully positioned itself at the forefront of this revolution, emerging as the No.1 commercial EV manufacturer in India. Through its subsidiary, Mahindra Last Mile Mobility Limited (MLMML), the company has consistently delivered high-quality electric three-wheelers and, more recently, introduced a four-wheeler small commercial vehicle (SCV) to further solidify its dominance in the sector.
Mahindra’s Dominance in the L5 Category
Mahindra has played a key role in expanding the L5 segment of commercial EVs, which includes large three-wheelers designed for both passenger and cargo transport. The company's market share in this category has reached an impressive 37.3% , reflecting its stronghold in the industry. More notably, the penetration of EVs in this segment has seen a remarkable surge from 16.9% in FY24 to 24.2% in FY25. This growth is a testament to Mahindra’s innovation, reliability, and the trust it has garnered among commercial vehicle operators.
Year | EV Penetration in L5 Segment |
---|---|
FY24 | 16.9% |
FY25 | 24.2% |
The company's strategy of providing efficient, cost-effective, and environmentally friendly mobility solutions has not only strengthened its market presence but also accelerated India's transition toward sustainable commercial transportation.
Expanding Product Portfolio: A Key to Mahindra’s Success
One of Mahindra’s biggest strengths is its diverse range of EVs that cater to different transportation needs. The Treo Range has set new benchmarks in the electric auto segment, offering superior mileage, lower operating costs, and advanced technology. The Zor Grand , desi