annual-report-FY2021

The iconic Scorpio, stylish XUV500 and rugged Bolero continue to be strong brands for your Company in the UV segment and remain at the core of your Company's UV portfolio. Your company has retained #1 position with 41.5% in LCV <3.5T segment, which is the largest segment of CV industry. LCV <3.5T accounts for two-third of the total CV industry. In the Pik-Up sub-segment (LCV goods 2 to 3.5T), your Company sold 128,100 vehicles, a degrowth of 15.4% over the previous year. Your Company's market share in the Pik- Up segment stands at 56.8%. Your Company has been the leader in the Pik-Up segment for over 20 years, and it has always been our endeavour to enhance the Customer Value Proposition of its offering. Your Company is the pioneer for Electric Vehicles (EVs) in India, and for the year under review, sold (along with its subsidiaryMahindra Electric Mobility Limited [MEML]) 5,418 EVs (27 four wheelers and 5,391 three wheelers) as against 14,602 EVs (966 four wheelers and 13,636 three wheelers) in the previous year. 126 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Your company is a proud partner of Amazon in deploying the Mahindra Treo Zor EV in their delivery partners' eet. We believe, this will redene India's logistics and last-mile delivery needs, and at the same time, help Mahindra and Amazon achieve sustainability goals. In F21, your Company launched Treo Zor which will provide a clean, sustainable, and a ordable solution for last-mile delivery. Export from India - Automotive Sector The Automotive Sector of your Company exported a total of 18,350 vehicles in F21, a degrowth of 31.8% over the previous year. Despite the pandemic, exceptional growth was recorded in South Central America, Australia and New Zealand. The drop in total exports is a result of degrowth in South Asia and South Africa. Your Company continues its efforts to strengthen its on-ground presence, expand its product portfolio, and grow its digital reach in key international markets. FARM EQUIPMENT SECTOR For the period under review, your Company sold a total of 354,498 tractors, (domestic plus export), under the Mahindra, Swaraj and Trakstar brands, against 301,915 tractors sold in the previous year, registering a growth of 17.4%. 1