annual-report-FY2021

114 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Sr. No. Details of Technology Imported Year of Import Status of Technology Absorption 14 EPP Energy absorber 2019 Technology Absorbed 15 Light Weight High Performance Material 2019 Technology Absorbed 16 Heaters in ORVM 2019 Technology Absorbed 17 Selective Catalyst Reduction (SCR) Technology 2020 Technology Absorbed 18 Diesel particulate Filter (DPF) Technology 2020 Technology Absorbed 19 Advanced safety features @ 2020 In the process of Absorption 20 Sequential Turn Indicator @ 2020 In the process of Absorption 21 Adaptive Driving Beam @ 2020 In the process of Absorption 22 Dynamic Bending Lamp @ 2020 In the process of Absorption 23 5-Phase High Efficiency Alternator @ 2020 In the process of Absorption 24 LIN Controlled Switches @ 2020 In the process of Absorption 25 Smart Hydraulics 2020 Technology Absorbed 26 Hill Farming 2020 Technology Absorbed 27 Hydraulic Higher Lift Capacity 2020 Technology Absorbed 28 DLC coated Piston Pin technology @ 2021 In the process of Absorption 29 Hollow cam shaft Gasoline engines @ 2021 In the process of Absorption 30 Hollow sodium cooled exhaust Valve technology in Gasoline @ 2021 In the process of Absorption 31 350 bar GDI System in Gasoline engines @ 2021 In the process of Absorption 32 Fully variable displacement oil pump in diesel @ 2021 In the process of Absorption 33 Map controlled Piston cooling jet @ 2021 In the process of Absorption 34 Miller + variable geometry gasoline turbine @ 2021 In the process of Absorption 35 Adaptive cruise control @ 2021 In the process of Absorption 36 Automatic transmission with Neutral controlled function @ 2021 In the process of Absorption 37 Gasoline Particulate filter @ 2021 In the process of Absorption @ Areas where Technology not fully absorbed, reasons thereof: A ll imported technologies ‘In the process of Absorption’ would be absorbed as per the respective Technology Absorption Schedule. (iv) The expenditure incurred on Research and Development: The Company spent Rs. 2,160.08 crores (including Rs. 1,307.00 crores on Capital Expenditure) for Research & Development work during the year, which was approximately 4.7% of the total turnover. (C) Foreign Exchange Earnings and Outgo Foreign Exchange earnings and outgo during the year under review are as follows: (Rs. in crores) Total Foreign Exchange Earned and Outgo For the Financial Year ended 31 st March, 2021 For the Financial Year ended 31 st March, 2020 Foreign Currency Earnings 2,000.03 2,237.45 Foreign Exchange Outgo (including remittance of Dividend) 1,096.54 1,096.90 For and on behalf of the Board ANAND G. MAHINDRA Executive Chairman Mumbai, 28 th May, 2021