annual-report-FY2021

128 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS ALLIED BUSINESSES Mahindra Powerol Under the Powerol brand, your Company has been a leader in providing power back-up solutions to the telecom industry for more than a decade. To cater to changing customer needs, your Company continues to consolidate its presence in tele-infra management and in the energymanagement solutions space. In the retail genset business, your Company offers a wide range of solutions from the lower kVA range, to mid and to higher kVA range. Your Company also focuses on Gas Powered Gensets and presently offers 25 to 125 kVA. In addition to lowering emissions, these gensets offer a signicantly lower operating cost. This segment will be a future growth area. With a focus on green energy solutions, your Company additionally offers Energy Storage Solutions powered with Lithium-ion batteries. These are for application in telecom towers and bank ATMs. Despite the pandemic, Powerol offered relentless service and support to emergency services like healthcare, telecom, etc. Powerol stands as the No. 2 brand by volume in the overall Diesel Genset Power back-up segment. Construction Equipment For the year under review, your Company (under the Mahindra EarthMaster brand) sold 681 Backhoe Loaders (BHLs) against 880 in F20, which is a degrowth of 22.6%. Your Company also has a presence in the road construction equipment business through motor graders (under the Mahindra RoadMaster brand). For the year under review, your Company sold 82motor graders. Two-Wheeler Business In line with the strategy for the two-wheeler business, your Company, through its subsidiary Classic Legends Private Limited (CLPL), had reintroduced the iconic brand 'JAWA motorcycles' to the Indian market in F19, with the launch of the new Jawa and Jawa Forty-Two. A new addition to that range - Jawa Perak, was launched in F20 and the sale of the same began in 2020-21.