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

Your Company also launched the Scorpio Classic, the new avatar of its iconic brand Scorpio. Over 20 years, the Scorpio has attained legendary status and has represented the tough and authentic DNA of your Company's SUVs. The Scorpio Classic, which retains the silhouette of the original Scorpio, now offers a refreshed design, enhanced performance, improved ride quality and built-in technology. In August 2022, your Company announced the Born Electric Vision, which aims to bring electric offerings to the Company's portfolio. On th 15 August, 2022, your Company unveiled f ive electrifying SUVs under two brands based on the Born Electric INGLO platform at the M.A.D.E Design Studio in the UK. The manifestation of these two brands has been showcased via f ive e-SUVs: the XUV.e8, XUV.e9, BE.05, BE.07, and BE.09. The f irst four of these are planned to be launched between 2024 and 2026. 117 Later, in February 2023, your Company unveiled the Rall-E concept st at the EV Fashion Festival in Hyderabad during India's 1 Formula E race weekend and celebrated the f irst showcase in India for the BE.05 and XUV.e9. The event showcased the Company's commitment to electric mobility and its plans to launch a new range of electric SUVs in the Indianmarket. Your Company took the wraps off the fun and fast XUV400 electric th SUV on the eve of World EV Day - 9 September, 2022. The XUV400 is the f irst EV from your Company to feature the copper-f inish Twin Peaks logo, giving it a distinctive presence on the road. Launched on Republic Day 2023, the XUV400 recorded over 10,000 bookings on the Extended Republic Day Weekend. The XUV400 is built on the tough GNCAP 5-star rated XUV300 platform and is the widest C- segment SUV, offering occupants class-leading safety and comfort.