Mahindra Zeo: A Convenient Small Commercial Vehicle Launch in India
Mahindra Zeo, an electric small commercial vehicle (e-SCV), is launched in India by Mahindra Last Mile Mobility. With its permanent magnet synchronous motor, and liquid-cooled battery, Mahindra Zeo promises to deliver top speed of 60kmph. The new e-SCV, being less than 2-ton category, opens its price range at Rs 7.52 lakh (ex-showroom). Mahindra claims to save up to Rs 7 lakh in next 7 years with its e-SCV.
As per the Precedence Research’s detailed report, the India electric vehicle market size accounted for USD 11.36 billion in 2024 and is projected to surpass around USD 1,053.10 billion by 2034, expanding a double-digit CAGR of 57.3% from 2024 to 2034.
The new model is based on two driving concepts, Eco and Power, which reflects the charging capacity which is provided by on-board 3.3 kW unit and the driving range which deliver 100km range in 60 minutes. The impressive features produce 32% gradeability, which supports the factor that it is less than 2-ton electric cargo segment, and a 4.3-metre turning radius. The integration of technology in form of Nemo Fleet Management System apps, consumers can easily approach or locate nearest public charging hubs, nearest dealer, trip planner and service locator. This can be considered a smart move by Mahindra to offer Nemo a telematics unit with its new model.
As per the detailed report from Precedence Research, the global small commercial vehicle market size is worth around USD 532.13 billion in 2024 and is predicted to increase from USD 559.80 billion in 2025 to approximately USD 819.74 billion by 2032. The sector is projected to grow by 5.5% by 2032, driven by cost-conscious consumers and the demand for efficient urban transportation which is convenient for last-mile delivery solutions.
The use of liquid-cooled battery of 21.3kWh delivers a seven-year/1,50,000km warranty which is quite beneficial for Mahindra Zeo, for the name itself represents Zero Emission Option, that is, ‘ZEO’. The demand for electric vehicles which will suit the situation of urban logistics is available in two variants-FSD and Delivery Van.
The price range of Mahindra ZEO for V1 FSD variant starts at Rs.7.52 lakh and Rs.7.69 lakh for V2 FSD variant. The price of delivery Van variant starts from Rs.7.82 lakh and Rs.7.99 lakh for V2. All the variants come with 1.5 lakh km battery warranty which Mahindar Last Mobility Limited, a subsidiary of Mahindra & Mahindra, offers under its Mahindra Safar program which is divided into 2 service packages.
Mahindra EV cars had a total of 15,29,706 EVs sales in the period from Jan 2023 to Dec 2023. In addition, India had witnessed a sale of E-4W in 2023 through different brands like Tata Motors had a sale of 4,820 units, MG Motor had a sale of 952 units, BMW India had a sale of 161 units and BYD India had a sale of 168 units. Along with this, Hyundai Motor also had a sale of 123 units and Kia Motors had to settle at 30 units.
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