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

EMERGING GROWTH GEMS MAHINDRA ACCELO Mahindra Accelo is a leading player in the manufacturing of high-end automotive components (including EVs & Hybrids) and power components for the transformer industry. Accelo also operates CERO, India’s first and largest Government authorised recycler of end-of-life vehicles. Accelo has been investing in its manufacturing and technological capabilities and is set to significantly expand its offerings. It also aims to be present in 100+ cities in organised vehicle recycling by FY28. In FY25, • Achieved highest ever revenue of more than Rs. 5,000 crores. Accelo has grown more than 2.5x over the last 6 years. • Forayed into high-end auto component segment by investing in world class Tandem & Transfer Presses, India’s 1st MSP Press for Motor Core for EVs / Hybrids and strengthened portfolio offerings. MAHINDRA FIRST CHOICE Mahindra First Choice Wheels (MFCW) is India’s leading used auto platform business. It is one of the largest pan-India used car retailing networks with fast-growing partnerships to procure used vehicles efficiently. It also has a commanding share in the enterprise solutions business with clients across banks, NBFCs, insurance companies and OEMs. MFCW drives innovation, transparency, and customer satisfaction in the automotive aftermarket through its platforms; Autoinspekt, setting the benchmark for vehicle inspections conducting over 3.6 Million evaluations annually and Yard Management System (YMS) providing vehicle storage and management solutions. A pioneer in online vehicle auction platforms, eDiig, has revolutionised the industry by facilitating the sale of vehicles across 1,000 locations in India. In FY25, • Transformed into the largest enterprise services players in India covering Digital Auctions, Vehicle Inspections & Yard Services. • Activated 31 C&B Select Stores which are redefining customer experience and value proposition. MAHINDRA AEROSTRUCTURES Mahindra Aerostructures (Aero) supplies a range of metallic parts and assemblies to five global aerospace OEMs and their major Tier 1 suppliers. The business has won significant recognition from the world’s top two OEMs for its stellar delivery performance. It has been ranked by Airbus as a “Challenger” – among the top 21 global suppliers of detail parts – and as a “Premier Bidder” by Boeing for its consistent performance on delivery and quality. The business is poised for significant growth by continuing to build capabilities to secure and deliver larger deals. In FY25, • Airbus selected Mahindra Aerostructures as the only Indian company to participate in a new global Business Excellence assessment on behalf of French aerospace OEMs, in a new programme titled ‘Aero Excellence’. • Aero earned a spot among the top 11 global entities in Aero Excellence assessments. • The business won a prestigious package from Airbus Helicopters as the sole source of the main fuselage assembly for the H130 light helicopter – a ‘Make in India’ milestone. CLASSIC LEGENDS Launched in 2018, Classic Legends (CLPL) has been at the forefront of reviving iconic motorcycle brands like Jawa, Yezdi, and BSA. CLPL aspires to significantly grow and emerge as one of the leading players in the premium motorcycle segment, catering to both Indian and international markets. The focus is on new and distinctive product launches, distribution expansion and scale up of exports in key markets. In FY25, • CLPL launched its third iconic brand into Indian market ‘BSA’ by launching BSA Gold Star 650. • Added one more product into Jawa portfolio by launching to Jawa 42 FJ. The Bike was recognised as the ‘Viewer’s Choice Bike of the year’ award at the DNA Auto awards. Rise To Create Value | 29 MAHINDRA & MAHINDRA LTD.

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