M&M SET TO LAUNCH ELECTRIC FOUR-WHEELER LCV I.E. ‘E-ZEO’
News: In a regulatory filing, Mahindra Last Mile Mobility Limited (a subsidiary of M&M), the pioneer in transforming last mile mobility in India with its market-leading e3Ws, has revealed the name of its all-new commercial electric four-wheeler, to be called ‘e-ZEO’. The name ‘e-ZEO’, stands for "Zero Emission Option". The ‘e-ZEO’ will be launched on October 3, 2024.
Views: This marks the entry of Mahindra in the E SCV(4-wheler) segment. ‘e-Zeo’ will likely compete with the likes of Tata Ace Ev which has a starting price of ₹8.72 lakhs and payload capacity of 600kg. In the LCV segment (< 3.5 T) it has a market share of ~50% which it looks to improve further. M&M entry into the 4-wheeler SCV market is in lines with its earlier guidance for launch of 7 new LCV models (< 3.5 T) by 2030, including 5 ICE & 2 EV variants.
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