LIC-backed EV Company Launches ‘ZEO’ 4W SCV Starting from Rs 7.52 Lakh - Complete Details Inside!

The company’s shares have delivered an impressive return of over 100 per cent in the past 1 year.

Mahindra Last Mile Mobility Limited, India's leading electric three-wheeler manufacturer, has officially launched the Mahindra ZEO, a groundbreaking electric four-wheeler.

The name 'ZEO,' which stands for "Zero Emission Option," highlights the eco-friendly advantages of the vehicle. It aligns with MLMML's mission to electrify last-mile transportation and empower customers to thrive. The Mahindra ZEO, available in two variants, is designed to cater to the growing needs of urban logistics. Priced competitively starting at Rs 7.52 lakh (ex-showroom) across India, the ZEO can help customers save up to Rs 7 lakh over seven years when compared to a diesel small commercial vehicle (SCV).

The Mahindra ZEO is a game-changing electric small commercial vehicle (e-SCV) designed to revolutionize the sub-2-ton four-wheeler electric segment with its impressive range, fast charging, and advanced features.

Built on a 300+ V high-voltage architecture, the ZEO ensures superior energy efficiency, extended range, and quicker charging times. Supported by regenerative braking, it offers a real-world driving range of up to 160 km. With 60-minute fast charging, the ZEO provides a 100 km range in just an hour. Powered by an advanced electric motor, it delivers 30 kW of power and 114 Nm of torque, while the 21.3 kWh liquid-cooled battery pack adheres to the highest AIS038 high-voltage battery safety standards.

The ZEO also includes the Nemo Universe, which offers a Fleet Management System (FMS) for fleet operators and the Nemo Driver App for individual users. Safety is enhanced with AI-enabled camera-powered ADAS, which features Lane Departure Warning, Pedestrian Collision Warning, and more.

Additionally, the ZEO is equipped with Hill Hold Assist and a Creep Function to ease driving in stop-and-go traffic. Overall, customers can save up to Rs 7 lakh over seven years compared to a diesel SCV.

Currently, the shares of Mahindra & Mahindra Ltd are trading at around Rs 3098.50 per share on the BSE. The company’s current market capitalization stands at Rs 3.85 lakh crore. Additionally, the shares have delivered an impressive multibagger return of over 100 per cent in just 1 year.

As per the Quarterly Results, in the Q1 FY25, Mahindra & Mahindra Ltd recorded a revenue of Rs 37,218 crore compared to Rs 33,892 crore. The operating profit stood at Rs 7,243 crore. The net profit stood at Rs 3,546 crore compared to a profit of Rs 3,684 crore.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.