MAHINDRA & MAHINDRA LTD. Board’s Report 131 Sr. No. Details of Technology Imported Year of Import Status of Technology Absorption 200. Vacumm less booster @ 2025 In the process of Absorption 201. Rear Wheel steering @ 2025 In the process of Absorption 202. Electronic Tilt and Telescopic Steering @ 2025 In the process of Absorption 203. Puncture Kit @ 2025 In the process of Absorption 204. Space Master Tyre @ 2025 In the process of Absorption 205. Zero Drag Caliper @ 2025 In the process of Absorption 206. Extended Mobility Tyre @ 2025 In the process of Absorption 207. Integrated Drive axle @ 2025 In the process of Absorption 208. Reduntance Brake Boost assist @ 2025 In the process of Absorption 209. Concepta wheel rim @ 2025 In the process of Absorption 210. Wheel damage detection system @ 2025 In the process of Absorption 211. Coloured Rear Quarte window glass @ 2025 In the process of Absorption 212. DMSC (Dual Mode Smart Charger) / EVSE - V2L @ 2025 In the process of Absorption 213. Dual Fuel for Tractors @ 2025 In the process of Absorption 214. Auto Differential lock for Tractors @ 2025 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. 3,142.75 crores (including Rs. 2,167.22 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, 2025 For the Financial Year ended 31st March, 2024 Foreign Currency Earnings 4,863.77 3,874.25 Foreign Exchange Outgo (including remittance of Dividend) 6,598.67 4,974.81 For and on behalf of the Board ANAND G. MAHINDRA Chairman DIN: 00004695 Mumbai, 5th May, 2025
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