Mahindra Last Mile Mobility Limited (MLMML), India’s leading manufacturer of electric commercial vehicles (EVs), has once again solidified its market leadership in FY25, marking its fourth consecutive year at the top. With its flagship models, the Treo and Zor Grand, MLMML has been a driving force behind the electrification of the L5 segment, which has seen a notable jump in EV penetration—from 16.9% in FY24 to 24.2% in FY25.
MLMML currently holds a dominant 37.3% market share in the L5 category, continuing to outpace both established industry giants and emerging players. In FY25, MLMML also expanded its product offerings with the introduction of new models, including the metal-bodied Treo and the Mahindra ZEO—its first-ever four-wheeled electric small commercial vehicle (SCV). Following in the footsteps of its electric three-wheel siblings, the ZEO is set to drive forward the electrification of 4W commercial cargo vehicles in India.
Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Ltd, is India’s number one manufacturer of electric small commercial vehicles. The company’s award-winning EV lineup includes the Treo series, Zor Grand, and e-Alfa, with a comprehensive range of electric, petrol, CNG, and diesel-powered three and four-wheeler vehicles for both passenger and cargo use. MLMML is dedicated to delivering a broad spectrum of last-mile mobility solutions, ensuring it meets the diverse needs of urban and rural markets.
Founded in 1945, the Mahindra Group is a prominent multinational federation with over 260,000 employees across more than 100 countries. The Group holds a leadership position in various sectors, including farm equipment, utility vehicles, IT, and financial services, and is the world’s largest tractor manufacturer by volume.
The Mahindra Group also has a growing presence in renewable energy, agriculture, logistics, hospitality, and real estate. With a strong commitment to leading Environmental, Social, and Governance (ESG) practices globally, the Mahindra Group aims to drive rural prosperity and enhance urban living, all while fostering positive change and enabling its communities to “Rise.”
