MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

58,626 3-wheelers sold In <2T segment, the Company sold 40,419 vehicles, a growth of 26.2% over the previous year. The Company's market share grew by 2.3% over last year and stands at 20.9% in <2T segment. In August, 2022, your Company launched the 'New Jeeto Plus CNG CharSau', an addition to its existing Jeeto Plus range that promises to set new standards in fuel eff iciency andmileage. Your Company's Chakan Plant produced highest ever 2.5 lakh vehicles in F23 and crossed 16 lakh vehicles since inception. The Haridwar Plant Crossed 13 lakh vehicles since inception and crossed 50,000 vehicles milestone of e-Alfa Platforms in F23. PRODUCTION MILESTONES Chakan Plant crossed 16 lakh vehicles since inception Haridwar Plant crossed 13 lakh vehicles since inception In the Last Mile Mobility (LMM) segment, your Company sold 58,626 passenger and goods three-wheelers, a growth of 94%, with a market share of 12% in F23 vs 11.5% in F22. Your Company has a wide range of offerings inclusive of electric, CNG, diesel and petrol products with the latest addition being the all-new cargo electric three-wheeler Zor Grand electric. The Zor Grand is superior in performance, mileage, and overall earning potential, and has been widely accepted by customers across the country. The unwavering trust in the Mahindra Zor Grand has been enabled by strong in-house competencies in the areas of battery, motor and telematics backed by rigorous validation and experience of putting more than 50,000+ three-wheeler EVs on the road. LMM Your Company is the pioneer for Electric Vehicles (EVs) in India, and for the year under review, sold 46,109 EVs (2,416 four wheelers and 43,693 three wheelers) as against 17,006 EVs (61 four wheelers and 16,945 three wheelers) in the previous year. Your Company is committed to achieve sustainability targets with strong growth plan and lead the EV revolution from the front. 120