Mahindra Electric ends FY’22 as India’s No.1 Electric 3-wheeler Company
Mumbai, April 30, 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, eAlfa Mini and eAlfa 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 427Million kilometre and saved more than 42835 metric tonne CO2.
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 favourableGovernment policies.The high reliability of the EVs, extensive service network and aggressive marketing as well as sales policies also contributed to this success.