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

354 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 26. Cost of Materials Consumed Rupees crores Particulars 2023 2022 Opening inventory.................................................................................................................................................................................................................................. 4,491.90 3,357.03 Add: Purchases......................................................................................................................................................................................................................................... 71,175.69 47,523.54 75,667.59 50,880.57 Adjustment on account of business combination/(disposal) of subsidiary (net)....................................................................................... 19.47 (20.06) Hyperinflation adjustment................................................................................................................................................................................................................ 45.78 — 75,732.84 50,860.51 Less: Closing Inventory....................................................................................................................................................................................................................... 7,292.16 4,491.90 Foreign currency translation difference.................................................................................................................................................................................. 37.29 (103.13) Total ................................................................................................................................................................................................................................................................ 68,477.97 46,265.48 27. Changes in inventories of finished goods, work-in-progress and stock-in-trade Rupees crores Particulars 2023 2022 Inventories at the beginning of the year Finished goods produced................................................................................................................................................................................................................... 3,268.45 2,717.90 Work-in-progress...................................................................................................................................................................................................................................... 277.02 360.17 Stock-in-trade............................................................................................................................................................................................................................................ 1,110.29 935.93 Manufactured components.............................................................................................................................................................................................................. 290.16 148.95 4,945.92 4,162.95 Less: Inventories on business combination/(disposal) of subsidiaries (net) Finished goods produced................................................................................................................................................................................................................... (55.84) (10.77) Work-in-progress...................................................................................................................................................................................................................................... 26.27 (13.16) Stock-in-trade............................................................................................................................................................................................................................................ (6.97) (2.99) Manufactured components.............................................................................................................................................................................................................. 16.15 — (20.39) (26.92) Less: Hyperinflation adjustment Finished goods produced................................................................................................................................................................................................................... 24.44 — Work-in-progress...................................................................................................................................................................................................................................... 17.49 — 41.93 — Less: Inventories at the end of the year Finished goods produced................................................................................................................................................................................................................... 4,684.94 3,268.45 Work-in-progress...................................................................................................................................................................................................................................... 463.55 277.02 Stock-in-trade............................................................................................................................................................................................................................................ 1,335.56 1,110.29 Manufactured components.............................................................................................................................................................................................................. 494.55 290.16 6,978.60 4,945.92 Foreign currency translation difference.................................................................................................................................................................................. (21.17) (51.77) Net (increase)/decrease in inventories ............................................................................................................................................................................. (2,032.31) (861.66)