Mahindra Strengthens Last Mile Mobility Leadership with 1 Lakh EV Sales in FY26

Company achieves 6 billion e-km, cuts 240 kilo MT emissions; strengthens lead in last-mile mobility

Mumbai: Mahindra Last Mile Mobility Limited has retained its position as India’s top electric commercial vehicle manufacturer for the fourth consecutive year, driven by strong sales growth and continued expansion in the last-mile mobility segment.

The company crossed a major milestone of over 1 lakh electric vehicle (EV) sales in FY26, becoming the first commercial vehicle manufacturer in the country to achieve this mark in a single financial year. Cumulatively, it has sold more than 3.4 lakh EVs so far.

Mahindra Last Mile Mobility holds a dominant 39.7% market share in the L5 category, reinforcing its leadership in electric three-wheeler and small commercial vehicle segments.

The company also reported that its EV fleet has cumulatively clocked over 6 billion e-kilometres, contributing to a reduction of around 240 kilo metric tonnes of carbon emissions, aligning with India’s broader sustainability goals.

During the year, the company expanded its portfolio with the launch of the Mahindra UDO, featuring segment-first capabilities such as reverse throttle, aerodynamic design, and a real-world driving range of 200 kilometres, aimed at improving efficiency for commercial operators.

A subsidiary of Mahindra & Mahindra Ltd, the company manufactures a wide range of last-mile mobility vehicles, including the Treo range, Zor Grand, and e-Alfa, catering to both passenger and cargo segments across electric and conventional powertrains.

The continued growth reflects rising adoption of electric mobility in last-mile logistics, driven by lower operating costs, policy support, and increasing demand from fleet operators.

The company said its focus on innovation, reliability, and sustainability continues to position it at the forefront of India’s transition to electric mobility in the commercial vehicle segment.