Suman Mishra, CEO of LMM said “In FY23, we continued our market leadership in electric 3-wheelers with the highest market share. In June ‘23, we also reached the milestone of one lakh EV sales reflecting our deep experience and leadership in this space. We continue to work to provide innovative, sustainable, and affordable last-mile mobility solutions, which help enhance the lives of our valued customers while contributing to the country’s carbon emission goals.”

The Li-ion-powered Mahindra Treo continues to be the leading electric auto while its cargo version, the Treo Zor and Zor Grand, lead their segment with a 32% share. Recently, the milestone 50 000th Mahindra eAlfa was rolled out from the Haridwar plant. LMM has also announced an additional line for its Treo auto at its Haridwar facility while work on the expansion of the Zaheerabad plant has also started. The latter will manufacture electric 3- and 4-wheelers for last-mile mobility.

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The Apé Electrik vehicles will be the Philippines’ first electric 3-wheelers, revolutionizing last-mile mobility and the small commercial vehicle industry. The electric 3-wheelers will be available in the Philippines through PHILIPPINERIMEX INC. a subsidiary of Rusco Motors Inc.

Speaking about the milestone, Mr. Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd said, “In 2019, we introduced to India the first 3W EV in the market and now in 2023 we are happy to be the first movers in this segment in the Philippines. For Piaggio Vehicles, entry into the Philippines is a stepping-stone towards accelerating the adoption of EVs across the world and towards a sustainable planet. We see the huge export potential to the market and also aim to meaningfully contribute to their EV ambitions.”

Mr. Ajay Goel, Co-Founder, and Executive Director, of SUN Mobility, said, “SUN Mobility is the leader in battery swapping for 2 & 3 wheelers in India and has deployed ~300 Swap Points in 18 cities across the country, powering over 68 million km and 3.7 million swaps so far. We are glad to further strengthen our association with Piaggio as we extend our partnership to the Philippines. We share the vision of smart, affordable, urban electric mobility and are keen to jointly deploy our solution first in the Philippines and the rest of S.E. Asia.”

Piaggio Vehicles pioneered the 3-Wheeler commercial EV industry in India and is now the first auto company to provide EV solutions for 3Ws in the Philippines. Piaggio India, with partner SUN Mobility, aims to spread sustainable electric transportation in the Philippines aided by battery-swapping technology. This technology is aimed at quicker adoption and shorter turnaround times as vehicle and logistics operators will spend less time charging the vehicles and deploying more of their fleet on the road.

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