Mahindra & Mahindra Ltd. | Integrated Annual Report 2024-25

Strategic Imperatives MHRIL is on an expansion path with the goal of doubling its inventory base to 10,000 keys by FY30. The company is transforming its business through focused member acquisition, aiming to attract and retain valuable members. Additionally, MHRIL is upgrading its resorts and implementing an experience-led strategy to drive growth and enhance the overall customer experience. Key Highlights • MHRIL achieved its highest-ever inventory addition of 520 keys in FY25 along with launching 7 new managed resorts. • In line with the premiumisation strategy, Average Unit Realisation grew at 39% to reach Rs. 5.73 lakh. • Club Mahindra Madikeri is India’s first Triple Net “0” rated resort which includes Net Zero Energy, Net Zero Water and Zero Waste to Landfill. Achievements in FY25 84% Robust occupancy rate, on an expanded inventory base 3,04,508 Cumulative memberships, up 2% 5,847 Room inventory, up 10% MAHINDRA LAST MILE MOBILITY Mahindra Last Mile Mobility (LMM) is at the forefront of India’s electrification journey in 3 wheelers (3W). LMM has sold over 2,00,000 electric vehicles, redefining the last mile mobility space while ensuring sustainability. LMM is developing integrated offerings encompassing the entire mobility value chain by forging and nurturing partnerships. Strategic Imperatives LMM has a bold vision to grow electric vehicle volumes 2-3x from the FY25 base of 78,524 units. • The strategy is not just about building electric vehicles; it’s about building an ecosystem through cutting-edge products, accessible and affordable financing, customer-centric solutions and channel expansion. Key Highlights • LMM has achieved ~5x growth in E-3W volumes in the last 3 years. • LMM retained its position as the No. 1 E-3W manufacturer with a 42.9% market share. • LMM expanded its product portfolio with four new launches during the year, Treo Plus (Metal), Mahindra Zeo, eAlfa Plus, and Alfa Duo. • Treo continues to be a successful brand with cumulative sales surpassing 1,00,000 units in FY25. Achievements in FY25 1,08,661 No. of vehicles sold, up 7.6% YoY 78,524 EVs sold, up 18.6% YoY Rise To Create Value | 27 MAHINDRA & MAHINDRA LTD.

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