Mahindra and Mahindra Kandivali Unit | Photo: Wikipedia
Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra & Mahindra Ltd, on Monday announced the name of its latest electric four-wheeler – e-ZEO.
The e-ZEO, which stands for Zero Emission Option, reflects the automaker’s latest electric vehicle (EV), designed to be environmentally sustainable. The announcement of the automaker’s latest initiative coincides with World Electric Vehicle Day, which falls on September 9.
MLMML offers a wide selection of last mile mobility vehicles, spanning electric, petrol, compressed natural gas (CNG) and diesel power sources. The company’s flagship models include the Mahindra Jeeto, a four-wheeler, the Alfa series of three-wheelers and the electric-only Zor Grand and Treo ranges.
With the ‘e-ZEO’, Mahindra aims to penetrate the small commercial vehicle (SCV) category, which is dominated by internal combustion engines (ICE).
The e-ZEO design
The e-ZEO will feature a high-voltage architecture designed to achieve superior energy efficiency, longer range and faster charging times, making it a cost-effective and sustainable option for businesses. The vehicle is expected to play a crucial role in urban logistics and contribute to Mahindra’s broader efforts to accelerate the adoption of electric vehicles in India.
Suman Mishra, MD & CEO, Mahindra Last Mile Mobility, said, “Having led the way in the last-mile electric three-wheeler space, we are delighted to unveil the name of our four-wheeler, ‘e-ZEO’, on World EV Day. This aligns with our vision to drive EV adoption in the sub-two-tonne category and transform urban logistics.”
The e-ZEO is scheduled to be officially launched on October 3, 2024, marking Mahindra’s entry into the four-wheeler commercial electric vehicle market.
Earlier this year, Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years in its electric vehicle unit Mahindra Electric Automobile.
EV sales India
India’s EV market has seen substantial growth, with 156,199 EVs sold in August 2024, reflecting a year-on-year increase of 22.8 percent compared to 127,206 units sold in August 2023. Although sales fell 13 percent compared to July 2024 due to a high base effect and anticipation of festive season deals, August still marked the third-highest monthly sales in 2024, behind March and July.
The top five EV makers together sold 81,824 units in August, led by Ola Electric with 27,517 vehicles, followed by Bajaj Auto (20,736), TVS Motor (17,613), Ather Energy (10,830) and Mahindra Last Mile Mobility with 5,128 units. In the first eight months of 2024, total EV sales crossed 1.23 million units, according to data from the Ministry of Road Transport and Highways.
First published: September 9, 2024 | 15:20 IS
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.