Mahindra Electric Dominates Electric Three-Wheeler Segment With Highest Market Share In FY 2022

Mahindra Electric closed the financial year with a market share of 73.4 per cent, being the highest selling electric 3-wheeler manufacturer in the country.

By Shubham Parashar

1 mins read

Published on April 28, 2022

Highlights

Mahindra closed the financial year with a market share of 73.4 per cent.
The Treo auto is the bestselling electric passenger 3-wheeler category.
The Treo Zor leads the cargo segment with a market share of 52.1 per cent

Mahindra Electric has continued its dominance in FY 2022 in the electric three-wheeler segment. The EV maker closed the financial year with a market share of 73.4 per cent, being the highest selling electric 3-wheeler manufacturer in the country and has recorded a significant sales growth of 214 per cent over the previous financial year period. The Treo Auto, Treo Yaari, Treo Zor, e Alfa Mini and e Alfa Cargo remained the highest volume garners for the company as well as in the Indian electric three-wheeler market. The Mahindra Treo range is also the first lithium powered electric three-wheeler to cross 18000 sales mark since its launch. Also Read: Mahindra Electric EVs Complete 400 Million Kilometres The Treo can offer a range of up to 130 km on a single charge, and the battery pack can be fully charged, using a 16 A plug point, in 3 hours 50 minutes 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." Also Read: Exclusive: Upcoming Mahindra Electric SUV Spotted Testing In India The Treo Zor leads the cargo segment with a market share of 52.1 per cent. Mahindra also shared that its last mile connectivity models have cumulatively covered more than 427 million km, saving more than 42,835 metric tonne of CO2. The Treo auto is the bestselling electric three-wheeler in the passenger category with a market share of 70.4 per cent while the Treo Zor leads the cargo segment with a market share of 52.1 per cent. The company also says that customers tend to switch to electric mobility solution because of the skyrocketing prices of petrol, diesel and even CNG fuels, while the favourable EV policies too help in boosting the demand.