annual-report-FY2021

Ÿ Timely readiness of product portfolio for migration to BS-VI emission norms for both diesel and gasoline engines Ÿ Launch of the All-New THAR with 2.2L diesel engine and 2.0L turbo GDI engine Ÿ XUV300 received the highest 5-star safety rating from Global NCAP and Global NCAP's 'Safer Choice' award for being the safest car in India Ÿ Design and development of the world's rst single cylinder diesel engine to meet BS-VI emission regulations in a 4-wheeler (mDura engine for Jeeto) 133 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 For the year under review, your Company filed a total of 138 patent applications. Cumulatively, your Company has filed 1,593 patent applications so far. The Company's total patent granted portfolio stands at 202 currently across multiple geographies. The efforts taken by your Company towards technology development and absorption help deliver competitive advantage through the launch of customer centric products and variants, introduction of new features, and improvement of product performance: Bolero is a key brand for your Company's portfolio, and it continues to be one of India's top 10 selling SUVs. Your Company is also planning to launch XUV700 - an all-new, authentic, global SUV that will redefine benchmarks in the SUV segment. With the Government's thrust on rapid adoption of electric vehicles (EVs), your Company being the pioneer in EVs in India, continues to focus and invest in development of new products and advanced technologies specic to electric vehicles. Your Company has reorganised its EV strategy and has deployed a three-box framework for business. Last mile mobility will be part of box one, the SUV focussed IC derived electric vehicles will be part of box 2, and box 3 is preparing for a longer future in electric vehicles, again in the SUV space. Today, your Company offers a wide range of EVs, which includes the eVerito car, Supro EV cargo/ passenger vans and twomodels of e3W - the e-Alfa and the TREO. The latest addition to the TREO range of products, TREO Zor, was launched during the year. It has been widely accepted by customers across the country. Your Company also started operations of its latest manufacturing hub in Chakan, Pune which wi l l manufacture critical EV components for our vehicles.