In the exports market, your Company sold 17,547 tractors, a growth of 26.6% over last year. Driven by improved market conditions in Sri Lanka, Bangladesh and Nepal, increased exports of the new OJA range to the U.S. and opening-up of new markets like Africa and ASEAN. Exports of implements and attachments to the U.S. like rotary tillers, loaders and backhoes were substantially scaled up during the year. During the financial year, your Company set up a new subsidiary in Thailand for the ASEAN region called Mahindra Southeast Asia Limited (MSEAL). The recent launches have gained significant traction in passenger and cargo segments, reflecting your Company’s ability to combine product excellence, customer satisfaction, and sustainability to fuel long-term growth. MAHINDRA LAST MILE MOBILITY LIMITED Mahindra Last Mile Mobility Limited continues to maintain its leadership as India's #1 EV 3W player, with a market share of 42.9% in EV 3Ws (as per SIAM). In its endeavour to grow and expand its market presence, your Company is focused on developing cutting-edge products, enhancing customer-centricity through tailored solutions, and driving channel expansion. Furthermore, the Company is committed to ecosystem solutioning by fostering partnerships and creating integrated offerings that address the entire mobility value chain. Management Discussion and Analysis | 151 MAHINDRA & MAHINDRA LTD.
RkJQdWJsaXNoZXIy NTE5NzY=