Suman Mishra, MD & CEO of Mahindra Last Mile Mobility, shares how the company is driving the electrification of India’s last-mile transport segment. Mishra explains why smaller markets are outpacing metros in adoption and how Mahindra plans to make EVs more accessible to all.
Key highlights:
- EV GST retention at 5% is a major boost for the sector
- Segment electrification jumped from 6% in 2023 to 30% today
- Stronger adoption in markets with better charging infrastructure
- Odisha & Uttarakhand leading in EV penetration
- Tier-1 city EV penetration still around 10%
- Mahindra’s goal: 50% segment penetration in under 5 years
- Tackling second-life battery solutions & working with states on local challenges
- How new-age financiers are enabling faster EV access
Watch the full interview to understand Mahindra’s roadmap for electrifying India’s last mile and making sustainable mobility truly inclusive.
Video: