Mahindra Leads India’s Electric Commercial Vehicle Market Again

Mahindra Last Mile Mobility Limited (MLMML) has strengthened its dominance in India’s electric commercial vehicle segment in November 2025, marking yet another month of consistent leadership in a category the company has shaped for nearly a decade. Backed by sustained growth momentum and an expanding EV portfolio, the company continues to set benchmarks in the L5 electric three-wheeler market, where it remains the undisputed leader for the third consecutive fiscal year.

Mahindra’s early move into last-mile electrification—beginning its L5 EV journey in 2018—has been instrumental in defining the contours of the segment. The company’s current EV lineup includes the TreoPlus, Zor Grand Range+, ZEO, e-Alfa, Treo Yaari and Treo Zor, each positioned to meet diverse last-mile mobility needs across India’s rapidly electrifying transport ecosystem.

According to data sourced from the Vahan portal, Mahindra holds the No. 1 position in India’s electric commercial vehicle category. Year-to-date (YTD) electrification levels in the L5 segment stand at 32.8%, reflecting the company’s intensified push toward cleaner mobility solutions. MLMML’s performance in FY26 has further cemented its leadership, with a commanding 37.6% market share in all L5 three-wheeler EVs.

The momentum is also visible in year-on-year growth figures. MLMML posted a robust 47% increase in the L5 EV category compared to the same period last year, underlining strong customer demand and confidence in Mahindra’s electric offerings. Over the years, cumulative sales have crossed 300,000 electric vehicles, with the most recent 100,000 units sold within just 12 months—an indicator of accelerating EV adoption and the company’s expanding customer base.

Despite a surge in new competitors in the commercial EV space, MLMML continues to maintain a clear lead. The company attributes this resilience to its technology-driven, customer-focused product lineup designed to maximise performance, comfort and profitability for operators. Mahindra’s extensive retail and service footprint—spanning over 800 touchpoints—has further enhanced accessibility and after-sales support for customers across the country.

MLMML is also strengthening its ecosystem with innovative customer programs and digital tools. The UDAY NXT initiative offers a range of benefits, including ₹20 lakh accidental insurance, ensuring support and representation for customers who may find themselves in vulnerable situations. Additionally, the recently introduced Mahindra NEMO app allows users to track multiple vehicles registered under the same mobile number, book service appointments, access roadside assistance and locate available charging stations along with expected charging costs—all through a single interface.

With November’s performance reinforcing its long-standing market leadership, Mahindra Last Mile Mobility Limited remains a key force dri,ving India’s last-mile electrification journey, pushing the industry toward a more advanced, inclusive and sustainable EV future.