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

Agriculture sector stood strong with multiple factors favouring rural sentiments. Amidst rising ination with input costs such as tractors, farm machinery, seeds, etc., increasing, the rural sentiments saw respite with 3 consecutive years of growth in crop output boosted by normal monsoons. With expectation of normal monsoon in the following crop season, we expect the momentum to continue and benet both rural segment and our business as well. The year also witnessed revival in demand from commercial segment which was tepid during previous year. 2 nd Largest Commercial Vehicle Company Largest Small Commercial Vehicle Company 40% SHARE IN DOMESTIC TRACTOR INDUSTRY F22 YOUR COMPANY'S PERFORMANCE AUTOMOTIVE SECTOR During the year under review, your Company in India is the Increase in allocation of Government budget on infrastructure and rural development is likely to benet commercial demand, going forward. In addition to demand remaining buoyant, supply situation also eased during FY22 as raw material and labour shortage which crippled the industry in the previous year saw normalization. Your Company's share in Domestic Tractor Industry stood at 40% in FY22. 4 th Largest Passenger Vehicle Company (*As per SIAM definition) Your Company's share of the total Indian Auto Industry stood at 10.5% For the year under review, your Company achieved overall volumes of 423,143 vehicles in the domestic market, a growth of 28.1% over the previous year. COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 112 LCV* exporter in India No.1