MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 140 Sr. No. Details of Technology Imported Year of Import Status of Technology Absorption 129. Multi Step Regenerative Braking @ 2024 In the process of Absorption 130. Single Pedal Drive @ 2024 In the process of Absorption 131. Printed GPS Antenna (on Glass) @ 2024 In the process of Absorption 132. Connected LED Tail-Lamps @ 2024 In the process of Absorption 133. Dual Layered Alloy Wheels @ 2024 In the process of Absorption 134. LFP Blade cell for High voltage Battery application @ 2024 In the process of Absorption 135. Aluminium Battery frame with Colt metal transfer welding technology @ 2024 In the process of Absorption 136. Battery pack with Lean Module technology @ 2024 In the process of Absorption 137. Battery disconnect unit with Smart fuse (Active + Passive Function) @ 2024 In the process of Absorption 138. Aluminium Stamping covers for Battery Application @ 2024 In the process of Absorption 139. Motor with U- PIN wire technology @ 2024 In the process of Absorption 140. Aluminium Cooling plate with Brazing technology @ 2024 In the process of Absorption @ Areas where Technology not fully absorbed, reasons thereof: A ll imported technologies ‘In the process of Absorption’ would be absorbed as per the respective Technology Absorption Schedule. (iv) The expenditure incurred on Research and Development: The Company spent Rs. 2,765.16 crores (including Rs. 1,884.47 crores on Capital Expenditure) for Research & Development work during the year, which was approximately 3% of the total turnover. (C) Foreign Exchange Earnings and Outgo Foreign Exchange earnings and outgo during the year under review are as follows: (Rs. in crores) Total Foreign Exchange Earned and Outgo For the Financial Year ended 31st March, 2024 For the Financial Year ended 31st March, 2023 Foreign Currency Earnings 3,874.25 4,466.66 Foreign Exchange Outgo 4,974.81 7,048.74 For and on behalf of the Board ANAND G. MAHINDRA Chairman DIN: 00004695 Mumbai, 16th May, 2024
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