CONSOLIDATED ACCOUNTS 441 43. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (a) Details of the Group’s subsidiaries at the end of the reporting period are as follows: Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest* As at 31st March, 2024 2023 Mahindra Heavy Engines Limited.................................................................................................................................................................... India 100.00% 100.00% NBS International Limited.................................................................................................................................................................................... India 100.00% 100.00% Mahindra Automotive Australia Pty. Limited........................................................................................................................................... Australia 100.00% 100.00% Mahindra Europe s.r.l. ............................................................................................................................................................................................. Italy 100.00% 100.00% Mahindra and Mahindra South Africa (Proprietary) Limited........................................................................................................ South Africa 100.00% 100.00% Mahindra Two Wheelers Limited..................................................................................................................................................................... India 100.00% 100.00% Automobili Pininfarina GmbH............................................................................................................................................................................ Germany 100.00% 100.00% Automobili Pininfarina Americas Inc. .......................................................................................................................................................... U.S.A. 100.00% 100.00% Mahindra Electric Automobile Limited **................................................................................................................................................... India 100.00% 100.00% Mahindra Last Mile Mobility Limited (w.e.f 29th May, 2023) $$................................................................................................ India 100.00% — Mahindra Racing UK Limited.............................................................................................................................................................................. U.K. 100.00% 100.00% Gromax Agri Equipment Limited..................................................................................................................................................................... India 60.00% 60.00% Trringo.com Limited.................................................................................................................................................................................................. India 100.00% 100.00% Mahindra USA Inc....................................................................................................................................................................................................... U.S.A. 100.00% 100.00% Mitsubishi Mahindra Agricultural Machinery Co., Ltd $................................................................................................................... Japan 66.67% 66.67% Mitsubishi Agricultural Machinery Sales Co., Ltd.................................................................................................................................. Japan 66.67% 66.67% Ryono Factory Co., Ltd........................................................................................................................................................................................... Japan 66.67% 66.67% Ryono Engineering Co., Ltd................................................................................................................................................................................. Japan 66.67% 66.67% Dia Computer Service Co., Ltd. #.................................................................................................................................................................... Japan — 66.67% Ryono Asset Management Co., Ltd................................................................................................................................................................ Japan 66.67% 66.67% Mahindra Mexico S. de. R. L. (Liquidated w.e.f. 28th March, 2024)........................................................................................... Mexico — 100.00% Mahindra do Brasil Sanayi Industrial Ltda. ............................................................................................................................................. Brazil 100.00% 100.00% Erkunt Traktor Sanayi Anonim Şirketi......................................................................................................................................................... Turkey 100.00% 100.00% Erkunt Sanayi Anonim Şirketi........................................................................................................................................................................... Turkey 98.69% 98.69% Sampo Rosenlew Oy............................................................................................................................................................................................... Finland 100.00% 100.00% Swaraj Engines Limited.......................................................................................................................................................................................... India 52.12% 52.13% M.I.T.R.A Agro Equipments Private Limited............................................................................................................................................... India 100.00% 100.00% Mahindra Automotive North America Inc.................................................................................................................................................. U.S.A. 100.00% 100.00% Mahindra Vehicle Sales and Service Inc..................................................................................................................................................... U.S.A. 100.00% 100.00% Mahindra North American Technical Center, Inc.................................................................................................................................. U.S.A. 100.00% 100.00% Mahindra Solarize Private Limited................................................................................................................................................................. India 100.00% 100.00% Resurgence Solarize Urja Private Limited................................................................................................................................................ India 100.00% 100.00% Kota Farm Services Limited @......................................................................................................................................................................... India 47.81% 47.81% Mahindra Agri Solutions Limited..................................................................................................................................................................... India 98.98% 98.79% Mahindra EPC Irrigation Limited...................................................................................................................................................................... India 54.26% 54.31% Mahindra HZPC Private Limited...................................................................................................................................................................... India 59.34% 59.22% Mahindra Fruits Private Limited...................................................................................................................................................................... India 98.98% 98.79% Mahindra First Choice Wheels Limited........................................................................................................................................................ India 56.19% 55.18% Fifth Gear Ventures Limited............................................................................................................................................................................... India 56.19% 55.18%
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