Mumbai, April 28, 2022
: Mahindra Electric Mobility Limited, part of the Mahindra Group, has closed
the financial year with a market share of 73.4%*, making it the No.1 electric 3-wheeler manufacturer in
the country. With a whopping 214% growth from FY’21, Mahindra Electric has one of the largest
portfolio of electric 3-wheelers with the Treo auto, Treo Yaari, Treo Zor, e Alfa Mini and e Alfa Cargo to
suit the needs of its varied customers. Treo also happens to be the first Li-ion electric 3-wheeler
platform to cross 18000+ sales since launch.
Mahindra last mile products have cumulatively travelled more than 427 Million kilometre and saved
more than 42835 metric tonne
CO
2.
Suman Mishra, CEO of Mahindra Electric Mobility Limited
said,
“I am delighted that over this past
year, we have significantly expanded our EV footprint while reducing pollution (that would otherwise
have needed 20 Lakh trees to be planted) and contributed to the Government’s vision of sustainable
development. I would like to share this success with our stakeholders and expect to maintain this
momentum in FY’23 through a range of exciting products and solutions in the last mile mobility space.”
The Treo auto is the top-selling electric 3-wheeler in the passenger category with a market share of
70.4%* while the Treo Zor leads the cargo segment with a 52.1%* market share. Customers prefer our
vehicles because of the significant savings due to the ever-increasing petrol/diesel/CNG prices,
advanced Li-ion technology, and favourable Government policies. The high reliability of the EVs,
extensive service network and aggressive marketing as well as sales policies also contributed to this
success.
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