LMM AUTOMOTIVE SECTOR - TRUCK & BUS DIVISION Your Company recorded phenomenal growth of 31% over last year achieving 13,155 volumes. The industry grew by 2% and your Company outperformed by 15 times. All four Quarters in FY 2023-24 were EBDITA positive for your Company. Your Company launched the Blazo X m-Dura range of trucks which was declared as 'Debutant CV of the Year' at Apollo CV Awards 2024. MAHINDRA CONSTRUCTION EQUIPMENT (MCE) During the year under review, your Company (under the Mahindra EarthMaster brand) sold 1,118 Backhoe Loaders (BHLs), a 13% increase as against 989 sold in the previous year. Your Company also has a presence in the road construction equipment business through motor graders (under the Mahindra RoadMaster brand). MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 154 In the Last Mile Mobility (LMM) business, your Company sold 1,01,011 vehicles (domestic plus exports) in FY 2023-24, as against 83,751 vehicles in FY 2022-23, a growth of 20.6%. Your Company has a wide range of offerings inclusive of electric, CNG, diesel and petrol products in 3W and 4W which further expanded with multiple new launches across the year. The new launch of Treo Plus has strengthened the Company's customer value proposition of flagship model with higher range and reliability. The continuous improvements in the EV range have 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 1,50,000+ three-wheeler EVs on the road. 1,01,011 Total Sales (3W+4W) in FY 2023-24 Your Company is the pioneer for Electric Vehicles (EVs) in India, and during the year under review, sold 66,190 EVs (domestic plus exports) as against 43,693 EVs in the previous year, a growth of 51.5%. Your Company is committed to achieve sustainability targets with strong growth plan and lead the EV revolution from the front. In 4W segment, the launch of Jeeto Strong marked another important milestone in the Company's journey to strengthen the 4W last mile mobility. The Jeeto Strong retains the core value of Jeeto brand - best-in-segment mileage - while bringing in a higher payload capacity and more features.
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