Mahindra’s EV Revolution: Last Mile Mobility Gears Up for a 3X Surge by 2030!

Image Source: EV Update Media

Mahindra & Mahindra's Last Mile Mobility business is charting ambitious goals, targeting to double or triple its electric vehicle (EV) sales to FY2030. Already the undisputed champion in India's commercial EV market, Mahindra is relying on product innovation, strong demand, and a fast-growing portfolio to power India's last-mile mobility.

Key Highlights:

Mahindra Last Mile Mobility registered explosive growth, rising from 14,000 EVs retailed in FY20 to 78,000 in FY25. The company aims to double or triple sales over the next five years and reach up to 234,000 units per annum by 2030.
The company closed FY25 as India's leading commercial EV maker for the fourth consecutive year, with a dominant 37.3% market share in the L5 (three-wheeler) segment. It became the first to reach 2 lakh commercial EVs sold, led by the Treo auto and Zor Grand.
Penetration of EVs in the L5 segment rose from 16.9% in FY24 to 24.2% in FY25, mirroring growing demand for clean, affordable last-mile solutions.

Mahindra added to its portfolio with the introduction of the metal-bodied Treo and the Mahindra ZEO, its first four-wheeler electric small commercial vehicle, strengthening its presence in passenger as well as cargo mobility even further.

The company's aggressive EV thrust is backed by enhanced production capacity, customer-first philosophy, and innovative initiatives like UDAY, providing accident insurance to EV purchasers.

With an established track record and ambitious growth plan, Mahindra is well-positioned to define India's last-mile electric mobility future.

Sources: Autocar Professional, Mobility Outlook, TrucksDekho