MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

Industry Segment Domestic Industry Volume F21 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 -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% NA NA -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% 28.0% -9.4% NA NA 19.1% -8.2% -10.3% -23.3% -10.3% 1133.3% -5.4% 15.7% F22 19.1% 34.5% 22.7% 26.7% 49.2% 225.4% 40.1% 1.4% 31.5% 52.8% 26.8% 122.1% 12.6% 31.6% 5.8% 34.3% 108.3% 28.0% 151.9% 172.9% 87.0% 26.2% 13.9% -6.7% 16.9% 484.7% 20.4% 32.0% F23 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-e-Rickshaw 3W-e-Cart 3W Scooters Motorcycles Mopeds 2W Quadricycle Total Domestic Total Domestic (Excl. 2W) 17,47,376 20,03,718 1,39,020 38,90,114 3,59,003 38,410 3,20,593 35,298 68,187 2,17,108 6,03,465 44,315 1,92,982 3,31,655 34,513 9,62,468 3,61,094 97,540 26,654 3,480 4,88,768 51,90,018 1,02,30,502 4,41,567 1,58,62,087 725 2,12,04,162 53,42,075 14,67,039 14,89,219 1,13,265 30,69,523 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 1,73,356 76,174 10,580 1,275 2,61,385 41,12,672 89,84,186 4,73,150 1,35,70,008 124 1,76,17,606 40,47,598 F23 The long-term growth outlook for the Indian tractor industry remains positive. Over the period F07 to F23, the domestic tractor industry grew at a CAGR of 6%. The key growth drivers were increasing affordability, growing demand for farm mechanisation, emergence of newer technologies in the farming sector, and continued focus of Government on improving the state of agriculture in India. Indian tractor industry with an annual sale of 9.45 lakh unit in F23, recorded its highest ever annual sales. The year saw a growth of around 12.2% over F22. However, exports dropped by ~3% YoY and can be partly attributed to high base of last year when the industry witnessed steep growth of around 45%YoY. TRACTOR INDUSTRY TRACTOR INDUSTRY IN FY 2022-23 12.2% INDIAN TRACTOR INDUSTRY Growth Over F22 HIGHEST EVER ANNUAL SALES 9.45 ANNUAL SALE LAKH UNIT IN F23 114