Mahindra Last Mile Mobility Targets Next EV Expansion with Udo E-Auto Launch

Mahindra Last Mile Mobility (LMM) has launched a new electric auto rickshaw, Udo, strengthening its push into the fast-growing electric 3-wheeler and e-auto category. The rollout fits into the company’s broader plan to benefit from accelerating last-mile electrification across India, as per news reports. 

The product is positioned for large-scale commercial adoption, especially as operators shift from internal-combustion vehicles to electric formats. The company believes the segment still has significant untapped conversion potential. 

Market Opportunity and Electrification Trend 

Suman Mishra, managing director and chief executive officer, Mahindra LMM, said erickshaws had more than a 60% share in the market for electric vehicles. 

LMM expects the electrification rate among three-wheelers to rise to 55-60% by 2030 from 35% at present. “That indicates significant headroom for growth, which will come primarily from ICE-to-EV conversion,” Mishra said. 

“Once you cross the 200-km mark, the psychology changes,” Mishra said. “Even if customers use 150 km, they still feel comfortable knowing there is sufficient reserve.” 

Capacity, Technology Shift and Portfolio Scale 

The company said EV adoption in this category is spreading beyond metros, supported by home and shared charging models rather than heavy public infrastructure needs. Semi-urban and rural markets are emerging as major demand centres. 

It also sees a steady technology shift from lead-acid to lithium-ion batteries, supported by tighter standards and better charging performance. Faster charging cycles and improved reliability are pushing this transition. 

LMM said it has manufacturing headroom through its Zaheerabad battery facility in Telangana, scalable to 200,000 vehicles annually, and plans to grow total volumes 6-fold by 2030 while electrifying at least 50 per cent of its portfolio. 

Read More: Mahindra & Mahindra to Invest ₹196 Crore in Chennai R&D Centre Expansion! 

M&M Share Price Performance  

As of February 13, 2026, M&M share price is trading at ₹3,533.00 per share, reflecting a decline of 1.67% from the previous closing price.  

Conclusion 

With Udo, Mahindra LMM is positioning itself to capture the next phase of organised growth in India’s electric three-wheeler market. 

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