MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

Industry Segment Domestic Industry Volume F20 16,95,436 9,45,959 1,32,124 27,73,519 2,24,428 40,016 1,84,412 41,175 40,327 1,02,910 4,93,165 45,814 1,79,227 2,31,764 36,360 7,17,593 5,25,532 1,11,533 6,37,065 55,65,958 1,12,13,662 6,36,812 1,74,16,432 942 2,15,45,551 41,29,119 F21 -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% -74.2% -24.7% -65.6% -19.5% -10.6% -3.1% -13.2% -101.3% -13.6% -15.2% F21 -4.9% 40.4% 4.1% 13.2% 49.7% 61.2% 49.2% 24.5% 38.6% 61.5% 16.7% 65.1% 22.4% 11.6% 8.7% 26.0% 35.6% -7.9% 18.9% -10.6% -10.3% -23.3% -10.9% -1133.3% -5.9% 15.7% F22 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 18.5T) HCV Goods >18.5T 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 Scooters Motorcycles Mopeds 2W Quadricycle Total Domestic Total Domestic (Excl. 2W) 14,67,056 14,89,178 1,13,265 30,69,499 2,40,577 11,804 2,28,773 34,822 51,835 1,42,116 4,75,989 19,957 1,71,461 2,51,944 32,627 7,16,566 1,83,607 77,388 2,60,995 40,09,076 89,84,186 4,73,150 1,34,66,412 124 1,75,13,596 40,47,184 15,41,866 10,60,750 1,08,841 27,11,457 1,60,688 7,322 1,53,366 27,962 37,402 88,002 4,07,871 12,088 1,40,109 2,25,658 30,016 5,68,559 1,35,414 84,032 2,19,446 44,82,305 1,00,21,231 6,17,247 1,51,20,783 -12 1,86,20,233 34,99,450 F22 The long-term growth outlook for the Indian tractor industry remains positive. Over the period F07 to F22, the domestic tractor industry grew at a CAGR of 6.7%. 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. Indian tractor industry for the second consecutive year reported annual volume surpassing 8 lakh unit milestone in domestic market. The year did see de-growth of around 6.4% over FY21, a part of which can be attributed to high base of last year when the industry witnessed steep growth of around 27% YoY. In exports, industry remained buoyant with more than 45% YoY growth and volumes were highest ever in the history of Indian Tractor Industry. Tractor Industry Tractor Industry in FY 2022 45% INDIAN TRACTOR INDUSTRY YoY GROWTH IN EXPORTS VOLUMES HIGHEST EVER IN HISTORY MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 111