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

121 Your Company recorded phenomenal growth of 56% over last year achieving 10,036 volumes. The Q4 F23 resulted in EBDITA positive for your Company. Your Company launched the CRUZIO range of Buses which was declared as 'CV-Staff Bus Of The Year' at Apollo CV Awards 2022. The Automotive Sector of your Company exported a total of 32,107 vehicles in F23, becoming the No. 1 CV Exporter (as per SIAM def inition) in India for the year. Growth in regions of Africa, ANZ and Middle East offset the impact of headwinds from South Asia. The subsidiaries in South Africa and Australia delivered a growth of over 50% in retail and stood among the fastest growing brands in their respective countries. Your Company continues to enhance its presence and participation in global markets with its range of SUVs and commercial vehicles. Your Company is among the top 5 brands in South Africa in the pickup segment by volume andmarket share. AUTOMOTIVE SECTOR - TRUCK & BUS DIVISION EXPORT FROM INDIA - AUTOMOTIVE SECTOR In the Construction Equipment industry in the Backhoe Loader segment, your Company sold 1,424 machines, a growth of 50% over the previous year. Your Company launched the New Grader Smart G75 , which helped your Company to become No. 2 player in Motor Grader with 21.3% (+9%) market share. Your Company saw 90% improvement in EBDITA with 3 quarters ending up with positive EBDITA. MAHINDRA CONSTRUCTION EQUIPMENT (MCE) Your Company took its SUVs, XUV700 and Scorpio-N to global markets with launches in South Africa, Australia, New Zealand and Nepal. With improved product mix of the global portfolio, your Company delivered export revenue growth over last year.