annual-report-FY2021

123 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 Industry Segment Domestic Industry Volume F19 2,218,489 941,474 217,426 3,377,389 390,732 39,604 351,128 76,360 40,691 234,077 616,579 52,170 235,024 280,205 49,180 1,007,311 572,386 128,619 701,005 6,701,430 13,598,190 880,227 21,179,847 627 26,266,179 5,086,332 F20 2.0% 2.1% 13.1% 2.7% 14.7% 9.7% 15.3% 33.8% 15.7% 10.2% 19.5% 6.5% 42.0% 9.6% 6.8% 17.6% 10.6% 8.7% 10.3% -0.3% 7.7% 2.4% - 4.9% - 5.1% 6.4% F19 -23.6% 0.5% -39.2% -17.9% -42.6% 1.0% -47.5% -46.1% -0.9% -56.0% -20.0% -12.2% -23.7% -17.3% -26.1% -28.8% -8.2% -13.3% -9.1% -16.9% -17.5% -27.7% - -17.8% 50.2% -18.0% -18.8% F20 -9.1% 12.1% -17.6% -2.2% -28.4% -81.7% -16.8% -32.1% -7.3% -14.5% -17.3% -73.6% -21.8% -2.6% -17.4% -20.8% -74.5% -26.4% -66.1% -19.5% -10.6% -3.1% - -13.2% -101.3% -13.6% -15.3% F21 YoY Growth Passenger Cars Utility Vehicles MPV (Vans) Passenger Vehicles MHCV MHCV Passenger MHCV Goods ICV Goods (7.5 to 12T) MCV Goods (12 to 16.2T) HCV Goods >16.2T LCV LCV Passenger LCV Goods < 2T GVW LCV Goods 2-3.5T GVW LCV Goods > 3.5T GVW Total CV 3W Passenger 3W Goods 3W Scooter s Motorcycles Mopeds Electric Two Wheelers 2W Quadricycle Total Domestic Total Domestic (Excl. 2W) 1,541,866 1,060,750 108,841 2,711,457 160,688 7,322 153,366 27,962 37,402 88,002 407,871 12,088 140,109 225,658 30,016 568,559 134,087 82,110 216,197 4,479,848 10,019,836 617,247 2,456 15,119,387 -12 18,615,588 3,496,201 1,695,436 945,959 132,124 2,773,519 224,428 40,016 184,412 41,175 40,327 102,910 493,165 45,814 179,227 231,764 36,360 717,593 525,532 111,533 637,065 5,565,684 11,213,662 636,812 274 17,416,432 942 21,545,551 4,129,119 F21 The long-term growth outlook for the Indian tractor industry remains positive. Over the period F11 to F21, the domestic tractor industry grew at a CAGR of 6.4%. The key growth drivers were increasing affordability, growing demand for farm mechanisation, emergence of newer technologies in the farming sector , increas ing government spend in rural sector, and continued focus of government on improving the state of agriculture in India. Tractor Industry F21 was an unusual year for the Indian tractor industry - though the pandemic resulted in demand slowdown in many industries, the demand in the tractor industry was growing rapidly and industry players were nding it difcult to full the demand due to supply constraints. In F21, the Indian tractor market (the world's largest by volume), witnessed a growth of 27%over F20 and reached a peak level of 899,407. Tractor Industry in FY 2021 DOMESTIC TRACTOR INDUSTRY 6.4% CAGR F11 to F21 27% INDIAN TRACTOR MARKET R E A CH E D A P E A K L E V E L O F 899,407 F20 to F21